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Lilly to Acquire ImClone Systems in $6.5 Billion Transaction (PR Newswire via Yahoo! Finance)
Eli Lilly and Company and ImClone Systems Inc. today announced that the boards of directors of both companies have approved a definitive merger agreement under which Lilly will acquire ImClone through an all cash tender offer of $70.00 per share, or approximately $6.5 billion.
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