Bristol-Myers Squibb offered to acquire Celgene in a deal that valued the biotech at $102.43 per share. Considering that that represents a premium of nearly 17% over Celgene's current share price, buying Celgene stock appears to be a virtual no-brainer if the BMS acquisition is finalized.
Actually, the deal is even more attractive for investors who buy Celgene now. Each Celgene shareholder will also receive one Contingent Value Right (CVR) for each share they own. This CVR entitles holders to get another one-time payment of $9 in cash if the Food and Drug Administration (FDA) approves ozanimod and liso-cel by Dec. 31, 2020 and bb2121 by March 31, 2021.
Sounds like a good bet