Pink Sheet is part of Informa PLC

This site is operated by a business or businesses owned by Informa PLC and all copyright resides with them. Informa PLC’s registered office is 5 Howick Place, London SW1P 1WG. Registered in England and Wales. Number 8860726.

This copy is for your personal, non-commercial use. For high-quality copies or electronic reprints for distribution to colleagues or customers, please call +44 (0) 20 3377 3183

Printed By


Bristol bails on ImClone board

Executive Summary

Bristol-Myers Squibb's bid gets even more hostile as representative John Celentano resigns from his position on the ImClone board of directors Sept. 22. Bristol raised its offer to $62 per share on Sept. 22, still a discount over the trading price. Carl Icahn, chairman of the ImClone board, rebuffed the offer in a colorful letter Sept. 23 (1"The Pink Sheet" DAILY, Sept. 23, 2008). The tense situation should come to a head soon; the alternative mystery bidder alluded to by Icahn is slated to finish due diligence Sept. 28 (2"The Pink Sheet," Sept. 15, 2008, p. 10)

You may also be interested in...

War Of The Words Continues As Icahn Responds To Bristol’s Hostile Bid Intent

Unnamed “large pharma’s” due diligence due to complete by Sept. 28, Icahn says.

Mystery Suitor Thwarts Bristol’s ImClone Takeover, Or So Icahn Says

Intrigue surrounding Bristol-Myers Squibb's takeover attempt of its Erbitux (cetuximab) marketing partner ImClone reached new heights with the announcement Sept. 10 that a third-party mystery suitor has stepped in with a white knight bid

Woodcock's Prophesy Comes True: US FDA ANDA Approvals Decline From Record Levels

Janet Woodcock’s 2019 prediction that record ANDA approval volumes would not continue is confirmed with the FY 2020 approval total down 21% from the previous year.




Ask The Analyst

Please Note: You can also Click below Link for Ask the Analyst
Ask The Analyst

Your question has been successfully sent to the email address below and we will get back as soon as possible. my@email.address.

All fields are required.

Please make sure all fields are completed.

Please make sure you have filled out all fields

Please make sure you have filled out all fields

Please enter a valid e-mail address

Please enter a valid Phone Number

Ask your question to our analysts