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DewDiligence

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DewDiligence

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Re: DewDiligence post# 208421

Tuesday, 02/21/2017 12:15:24 PM

Tuesday, February 21, 2017 12:15:24 PM

Post# of 253566
BMY adds three independent directors—at behest of Jana Partners—and authorizes an accelerated $2B share buyback:

http://finance.yahoo.com/news/bristol-myers-squibb-appoints-three-115900775.html

BMY is down 2% on this news—perhaps some investors think these actions reduce the near-term buyout vig.

“The efficient-market hypothesis may be
the foremost piece of B.S. ever promulgated
in any area of human knowledge!”

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