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Abraxis Bioscience (ABII) Shareholders Approve Merger with Celgene (CELG)

October 13, 2010 4:32 PM EDT
CELG Hot Sheet
Overall Analyst Rating:
    BUY (= Flat)

EPS Growth %: +30.1%
Celgene Corporation (Nasdaq: CELG) and Abraxis Bioscience, Inc. (Nasdaq: ABII) announced that Abraxis' shareholders have voted in favor of a merger between the two companies.

The companies anticipate the closing of the transaction will occur on October 15, 2010.


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