Anatomy of a $9B buyout: Celgene’s quick turn from Juno’s close collaborator to new owner
It turns out that August 28 was a red letter day for more than Kite or Gilead $GILD, which grabbed the industry’s attention with their announced buyout deal for $12 billion in cash. The same day as the headlines hit, Juno CEO Hans Bishop and CFO Steven Harr had a little chat about their upcoming meeting with some of the leaders at Celgene $CELG, a close partner that owned right at 10% of its shares.
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