Events at Bristol-Myers raise likelihood of takeover

22 February 2017

US pharma major Bristol-Myers Squibb (NYSE: BMY) has announced the appointment to the board of three new independent directors.

The appointments, made following discussions with recent investors Jana Partners, have fueled suggestions that the company is moving towards being taken over.

Jana managing director Barry Rosenstein is thought to favor consideration of strategic options such as putting Bristol-Myers up for sale.

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