Tag Archives: Strikes

Activist Starboard steps up revolt on Bristol-Celgene merger—and BMS strikes back

First came the news that activist investor Starboard Value had bought up shares of Bristol-Myers Squibb with the intention of scuttling its planned $ 74 billion buyout of Celgene. Then, last week, BMS’ largest institutional shareholder, Wellington Management, spoke out against the deal, prompting Starboard CEO Jeffrey Smith to dash off a letter to BMS… Read More »

Federal judge in Texas strikes down Obamacare as unconstitutional

A federal judge in Texas has issued a ruling declaring that Obamacare is unconstitutional, creating an not only uncertainty about health care coverage for millions of Americans, but also a likely battle in the U.S. Supreme Court. Friday’s decision by U.S. District Judge Reed O’Connor on what’s known as the Affordable Care Act came a… Read More »