MAJOR VOLUME ALERT: Medarex (MDRX)

Posted in General 
July 23rd, 2009

Medarex Inc. (Nasdaq: MEDX) shares are up about 90 percent to $15.88 in early premarket trading, on strong volume of more than 180,000 shares. Bristol-Myers Squibb Co. (NYSE: BMY) announced it has signed an agreement to buy Medarex for $2.4 billion, or $16 a share in cash. The boards of both companies have approved the offer. — Mike Tarsala

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