11 October 2023
Bristol-Myers Squibb Company and Mirati Therapeutics announced on September 8th, 2023 that they have entered into a definitive merger agreement under which Bristol Myers Squibb has agreed to acquire Mirati for $58 per share in cash, for a total equity value of $4.8 billion.
Mirati shareholders will also receive one non-tradeable Contingent Value Right (CVR) for each Mirati share held, potentially worth $12 per share in cash, representing an additional $1 billion of value opportunity.
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