A last minute merger arbitrage in Celgene | Value Investing News

A last minute merger arbitrage in Celgene

  • The preliminary estimate of the fair value of the CVRs was determined by applying a probability weighting to the potential $9.00 per share payment reflecting the probability of achieving all three necessary approvals.
  • The three approvals that they need to get are:
  • Author is long CELG, short BMY
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