Bristol Myers Squibb Enters Into $4 Billion Aggregate Accelerated Share Repurchase Agreements
- The accelerated share repurchase program demonstrates confidence in the company's financial position and commitment to returning value to shareholders.
- None.
The ASR transactions will be completed under a previously announced board-authorized, multi-year share repurchase program. The company will have approximately
About Bristol Myers Squibb Company
Bristol Myers Squibb is a global biopharmaceutical company whose mission is to discover, develop, and deliver innovative medicines that help patients prevail over serious diseases. For more information about Bristol Myers Squibb, visit us at BMS.com or follow us on LinkedIn, Twitter, YouTube, Facebook, and Instagram.
Cautionary Statement Regarding Forward-Looking Statements
This press release contains “forward-looking statements” within the meaning of the Private Securities Litigation Reform Act of 1995 regarding, among other things, the settlement of the ASR Agreements. Forward-looking statements in this press release should be evaluated together with the many risks and uncertainties that affect Bristol Myers Squibb’s business and market, particularly those identified in the cautionary statement and risk factors discussion in Bristol Myers Squibb’s Annual Report on Form 10-K for the year ended December 31, 2022, as updated by our subsequent Quarterly Reports on Form 10-Q, Current Reports on Form 8-K and other filings with the Securities and Exchange Commission. The forward-looking statements included in this document are made only as of the date of this document and except as otherwise required by applicable law, Bristol Myers Squibb undertakes no obligation to publicly update or revise any forward-looking statement, whether as a result of new information, future events, changed circumstances or otherwise.
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Source: Bristol Myers Squibb
FAQ
What is the purpose of Bristol Myers Squibb's (BMY) accelerated share repurchase program?
How will Bristol Myers Squibb fund the repurchases?