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Bristol Myers Squibb Adds Mirati Therapeutics to Its Oncology Portfolio – Merger Arbitrage Mondays

  • October 9, 2023

Key Highlights

  • The acquisition of Mirati Therapeutics (MRTX) by Bristol-Myers Squibb Company (BMY) for $5.8 billion equity value including the value of a CVR worth as estimated $1 billion.
  • Amgen (AMGN) completes the acquisition of Horizon Therapeutics Public Limited Company (HZNP).
  • Sen. Elizabeth Warren (D-MA) and Rep. Pramila Jayapal (D-WA) asks antitrust regulators to examine UnitedHealth Group’s (UNH) planned purchase of Amedisys (AMED).

Mirati Therapeutics (MRTX) $60.20

Market Cap: $4.11 billion

Enterprise Value: $3.38 billion

Oncology company Mirati Therapeutics has been a potential M&A target for several years.

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