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(Click the title below to leave the MDLinx Network and go to the Journal's Website)

Bristol–Myers Squibb Company announced that it has extended its previously announced cash tender offer, through its wholly–owned subsidiary, Puma Acquisition Corporation, to purchase all outstanding shares of common stock of Medarex on August 2009, unless further extended. The tender offer that was originally scheduled on August 2009 was extended, with the consent of Medarex, in connection with the parties reaching an agreement in principle to settle the legal proceedings pending in connection with the tender offer. All other terms and conditions of the tender offer remain unchanged.

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