March 29, 2019 / 4:37 PM / a month ago

Starboard no longer urging investors to vote against Bristol-Celgene deal

BOSTON, March 29 (Reuters) - Activist hedge fund Starboard Value LP said on Friday it will no longer urge shareholders to oppose Bristol-Myers Squibb Co’s plans to buy Celgene Corp, even though it thinks the deal is too risky and will vote its own shares against it.

Reporting by Svea Herbst-Bayliss Editing by Jeffrey Benkoe

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