I see. The hope is that holders of BMY would find the 11% premium attractive and be confident that MJN shares will not tank soon to exchange their BMY shares for the MJN shares that BMS currently holds. Thanks.
Another question, with 9 billion dollar cash, plus 7 billion dollar worth of BMY shares, I wonder how big of a pearl can BMS afford now. Any guess on who will be bought next?
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