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Bristol-Myers review period ends for Kosan deal



By AP
18 June 2008 @ 08:42 am EST

PRINCETON, N.J. - Biopharmaceutical company Bristol-Myers Squibb Co. said Wednesday the Hart-Scott-Rodino review period for its tender offer for cancer therapy maker Kosan Biosciences Inc. has expired.

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BMY 17.56 -0.42
KOSN 5.63000011444092 0.13

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Bristol-Myers Squibb initiated a tender offer through its KB Acquisition Corp. subsidiary last month to buy Kosan for $5.50 per share, or about $234.6 million.

The company said the end of the waiting period satisfies one of the conditions to the tender offer, which is set to expire on June 25.

Copyright 2008 The Associated Press. All rights reserved. This material may not be published, broadcast, rewritten or redistributed.

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