Bristol-Myers To Acquire Medarex For $2.1 Billion

Medarex Inc. (Nasdaq: MEDX) will be acquired by Bristol-Myers Squibb Co. (NYSE: BMY) in an all cash $2.1 billion deal. Shares of Medarex leaped $7.46 to $15.86 while Bristol-Myers stock edged up 61 cents to $20.90.

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