Bristol-Myers' $74B Celgene Buy Gives 2019 M&A Fast Start
By Chelsea Naso (January 3, 2019, 7:16 PM EST) -- Deal-making roared just three days into the New Year as Bristol-Myers Squibb's $74 billion cash-and-stock megadeal for biopharmaceutical company Celgene carried a price tag bigger than last year's largest deal despite recent market volatility.
The deal, announced Thursday, will see Bristol-Myers Squibb, represented by Kirkland & Ellis LLP, snap up Celgene Corp., advised by Wachtell Lipton Rosen & Katz, in an effort to build a top cancer, inflammatory and immunologic disease and cardiovascular biopharmaceutical player.
Under the terms of the transaction, each Celgene share will be swapped for one Bristol-Myers Squibb share, $50 in cash and one tradeable contingent value right...
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