Replies to post #1 on Celgene CVR (CELGZ)

[Kinny]

CELG bought Abraxis BioScience a few years ago.
They created a special stock (CELGZ) for the sellers of those shares that would/should pay some handsome dividends once certain milestones were reached.

It is explained in this press release on their website:
http://ir.celgene.com/phoenix.zhtml?c=111960&p=irol-newsArticle&ID=1442901

The terms of the deal are about half way down.

It's a buy/hold and wait situation.