Stock Market News

Bristol Myers to buy RayzeBio for about $4.1 billion

12/26/2023
Less than a minute

2023.12.26 07:44


© Reuters. FILE PHOTO: A sign stands outside a Bristol Myers Squibb facility in Cambridge, Massachusetts, U.S., May 20, 2021. REUTERS/Brian Snyder/File Photo

(Reuters) – Bristol Myers (NYSE:) Squibb said on Tuesday it will acquire radiopharmaceutical firm RayzeBio for about $4.1 billion.

Bristol said it will pay $62.50 for each share of RayzeBio in cash, representing a premium of 104% to stock’s last close.

RayzeBio shares were halted ahead of the deal announcement.

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12/26/2023
Less than a minute

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