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Bristol Myers Squibb (NYSE:BMY) faces valuation test Monday as report of potential partnership emerges

Bristol Myers Squibb (NYSE:BMY) faces valuation test Monday as report of potential partnership emerges

Bristol Myers Squibb Company started Monday following reports of a potential major deal. According to the Financial Times, AstraZeneca PLC considered a merger valued at close to $400 billion. AstraZeneca declined to comment. Bristol Myers did not immediately provide a response, and Reuters was unable to independently confirm the story. U.S. financial markets were closed Sunday.
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02 Aug
AstraZeneca (NYSE:AZN)–Bristol Myers Squibb (NYSE:BMY): Potential $455 Billion Tie-Up Raises Questions Over Deal Value

AstraZeneca (NYSE:AZN)–Bristol Myers Squibb (NYSE:BMY): Potential $455 Billion Tie-Up Raises Questions Over Deal Value

A potential deal under discussion could create one of the biggest mergers in the pharmaceutical sector. The Financial Times reported that talks have occurred over the past few months. As of Friday, the combined market value was $396.4 billion. Reuters has not confirmed the report, and there is no guarantee that a deal will be reached.
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02 Aug