Bristol-Myers Squibb Shareholders Approve Celgene Acquisition

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Shareholders have approved the issuance of Bristol-Myers Squibb common stock for the pending $74-billion merger with Celgene.

Bristol-Myers Squibb shareholders have voted to approve the issuance of shares of Bristol-Myers Squibb common stock in connection with the pending $74-billion merger with Celgene, Bristol-Myers Squibb announced on April 12, 2019. The vote took place at the company’s special meeting of Stockholders.

“We are pleased with the outcome of today’s [s]pecial [m]eeting and thank our shareholders for their support for this combination,” said Giovanni Caforio, MD, Bristol-Myers Squibb’s chairman and CEO, in a company press release. “Together with Celgene, we will create a premier innovative biopharma company with leading scientific capabilities that is well positioned to address the needs of patients through high-value innovative medicines. We look forward to bringing the companies together, which we believe will deliver significant shareholder value.”

More than 75% of the shares voted at the special meeting were voted in favor of the Celgene merger agreement. Bristol-Myers Squibb will file the final vote results, as certified by the independent inspector of election, on a Form 8-K with the United States Securities and Exchange Commission.

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The transaction is on track to close in the third quarter of 2019, subject to the satisfaction of customary closing conditions and regulatory approvals. Bristol-Myers Squibb announced the acquisition in January 2019.

Source: Bristol-Myers Squibb