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Celgene Corp. (CELG) Gets Verbal Confirmation of Early HSR Act Termination in Abraxis (ABII) Acquisition

August 4, 2010 10:02 AM EDT
CELG Hot Sheet
Overall Analyst Rating:
    BUY (= Flat)

EPS Growth %: +30.1%
Celgene Corporation (Nasdaq: CELG) today announced that it has received verbal confirmation of early termination of the Hart-Scott-Rodino Act (HSR) 30-day waiting period without the United States Federal Trade Commission (FTC) requesting additional information with regard to Celgene’s pending acquisition of Abraxis Bioscience, Inc. (Nasdaq: ABII).

Celgene anticipates that the transaction will be completed in the third or fourth quarter of 2010.


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