One in every of Bristol-Myers Squibb Co.’s largest shareholders is opposing the corporate’s $74 billion deal to purchase rival Celgene Corp., changing into the newest investor to precise its unhappiness with the transaction.

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Wellington Administration Co., an funding agency that has a stake of about 8% in Bristol-Myers, mentioned Wednesday the deal asks shareholders to tackle an excessive amount of danger and provides Bristol shares too cheaply to Celgene shareholders. The agency additionally mentioned executing a profitable transaction might be harder than administration has anticipated….

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