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Icahn has snapped up a Bristol-Myers stake. Could megamerger pressure be far behind?

Posted on over 7 years ago by Gerry Kennedy



Wednesday, February 22, 2017

Activist investor Carl Icahn has moved into Bristol-Myers Squibb, touching off more megamerger speculation. After all, the company has seen a major reversal of fortunes since its immunotherapy Opdivo fell short in a key lung cancer study last fall, and just yesterday, it bowed to another activist by adding three directors to its board.

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