Carl Icahn has reportedly taken a stake in Bristol-Myers and its shares are jumping (BMY)

pulse

February 21, 2017 9:57 PM

Bristol-Myers announced changes to its board earlier on Tuesday following pressure from another activist investor.

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Billionaire Carl Icahn has taken a stake in the pharmaceutical company Bristol-Myers and sees it as a possible takeover target, according to The Wall Street Journal.

Bristol-Myers shares gained as much as 5% in late trading on Tuesday after the news crossed.

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