The proposed $74bn merger of Bristol-Myers Squibb Co. and Celgene Corp. would be the third-largest biopharmaceutical M&A deal if it goes through at the terms announced Jan. 3, and like other mega-mergers it would offer enough subplots to fill a lengthy novel. One is the possibility that another bidder will step in to try to acquire one or the other before the deal closes.
Slated to be final during the third quarter of 2019, the deal would combine two active deal-makers, and in Celgene, a company that is seen as a partner of choice by smaller firms seeking a supportive collaborator
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