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home / news releases / TPTX - Bristol Myers U.S. German antitrust filings for Turning Point expected very soon (update)


TPTX - Bristol Myers U.S. German antitrust filings for Turning Point expected very soon (update)

  • Update 11:20am: Adds German filing from late Thursday.
  • Bristol Myers  Squibb ( NYSE: BMY ) is reportedly expected to make antitrust filings to U.S. and German authorities "imminently" for its planned $4.1 billion purchase of Turning Point Therapeutics ( NASDAQ: TPTX ), according to a Dealreporter item.
  • The companies notified German regulators on Thursday, according to the antitrust authorities' website.
  • The acquisition remains on track for a Q3 closing, according to the report, which cited sources familiar.
  • The deal update comes after BMY on Tuesday extended the tender offer for its acquisition of Turning Point Therapeutics ( TPTX ) to Aug. 15.
  • BMY agreed to acquire the clinical-stage precision oncology biotech Turning Point ( TPTX ) at a price of $76.00 per share in cash for a total consideration of $4.1B early last month.

For further details see:

Bristol Myers U.S., German antitrust filings for Turning Point expected very soon (update)
Stock Information

Company Name: Turning Point Therapeutics Inc.
Stock Symbol: TPTX
Market: NYSE
Website: tptherapeutics.com

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