Bristol Myers Squibb And Turning Point Therapeutics Announce Expiration Of Hsr Act Waiting Period And Clearance From Federal Cartel Office Of Germany Related To Pending Acquisition Of Turning Point Therapeutics
Acquiring Company
Bristol Myers Squibb
Acquired Company
Turning Point Therapeutics
PrincetonManufacturingBiotechnologyProfessional ServicesHealth CareMedicalTherapeuticsPharmaceuticalLegalBiopharmaLaw EnforcementBiotechnologyHealth CareMedicalTherapeuticsHealth CareScience And EngineeringDescription
Bristol Myers Squibb (NYSE:BMY) and Turning Point Therapeutics, Inc. (NASDAQ:TPTX) (“Turning Point”) today announced the expiration of the waiting period under the Hart-Scott-Rodino Antitrust Improvements Act of 1976, as amended (“HSR Act”), and the receipt of merger control clearance from the Federal Cartel Office of Germany (“FCO”), in connection with the previously announced offer (the “Offer”) to acquire all outstanding shares of common stock of Turning Point at a price of $76.00 per share in an all-cash transaction for total consideration of approximately $4.1 billion. The expiration of the HSR Act waiting period occurred at 11:59 p.m. Eastern Time on August 15, 2022, and the FCO clearance was received on August 15, 2022. The Offer expired at 5:00 p.m. Eastern Time on August 15, 2022 (the “Expiration Time”), and the Offer was not extended.
Quick answer
Bristol Myers Squibb and Turning Point Therapeutics are acquiring Turning Point Therapeutics, announced August 16, 2022. Bristol Myers Squibb is based in Princeton, New Jersey, United States.
- How much did Bristol Myers Squibb pay for Turning Point Therapeutics?
- The deal value was not disclosed.
- What does Bristol Myers Squibb do?
- Bristol Myers Squibb is a global biopharmaceutical company whose mission is to discover, develop and deliver innovative medicines that help patients prevail over serious diseases.
- Where are Bristol Myers Squibb and Turning Point Therapeutics based?
- Bristol Myers Squibb is based in Princeton, New Jersey, United States.
- Who are the decision-makers at Bristol Myers Squibb?
- Fundz holds 2 contacts at Bristol Myers Squibb. Names and contact details are shown to Fundz members.
Source: Fundz verified event record.
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Frequently asked
Who acquired Turning Point Therapeutics?
Turning Point Therapeutics was acquired by Bristol Myers Squibb, based in Princeton. The deal was reported on August 16, 2022. Bristol Myers Squibb is a global biopharmaceutical company whose mission is to discover, develop and deliver innovative medicines that help patients prevail over serious diseases. Bristol Myers Squibb is publicly traded (BMY) and operates in Manufacturing.
When did Bristol Myers Squibb acquire Turning Point Therapeutics?
Bristol Myers Squibb's acquisition of Turning Point Therapeutics was reported on August 16, 2022. Bristol Myers Squibb (NYSE:BMY) and Turning Point Therapeutics, Inc. Fundz records the date the transaction was first publicly reported, sourced from filings and company announcements.
What does Turning Point Therapeutics do?
Turning Point Therapeutics is a clinical-stage precision oncology company with a pipeline of investigational drugs designed to address key limitations of existing cancer therapies. It is privately held, operating in Health Care.
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