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ImClone studying Bristol-Myers Squibb’s offer

SAN FRANCISCO (MarketWatch) — ImClone Systems Inc. late Thursday confirmed it received an offer from Bristol-Myers Squibb . However, other than stating that it is studying the “situation,” the company did not offer any other comments. Bristol-Myers Squibb has offered to buy the shares of ImClone that it does not already own for $60 a share or a total of $4.5 billion. Bristol-Myers has owned about 17% of ImClone since September 2001. Carl Icahn, the billionaire investor activist, is chairman of ImClone.

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Original post by Forextvblog

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