UMB to refile $6.4B lawsuit against Bristol-Myers by end of next week - report [Seeking Alpha]
UMB Financial Corporation (UMBF)
Last umb financial corporation earnings: 4/28 05:00 pm
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Source: Seeking Alpha
UMB plans to refile a lawsuit by the end of next week, according to a CTFN report on Thursday, which cited two sources familiar with the matter. The report comes after a federal court in New York earlier this week dis missed a $6.4 billion suit against Bristol Myers NYSE: BMY ) that alleged the drugmaker wronged holders of Celgene contingent value rights by delaying regulatory approvals for three Celgene drugs. A U.S. district court judge in Manhattan ruled that UMB Bank, which brought the suit, was never properly appointed as trustee for the CVR holders, according to a Reuters report. The suit was filed in June 2021. Bristol Myers acquired Celgene in 2019 for $74B. Under the deal, Celgene shareholders received $50 in cash plus a tradeable CVR for each share held, with the CVR entitling the holder to $9 in cash if certain regulatory milestones were achieved. Recommended For You Comments More Trending News Recommended For You More Trending News
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News
- UMB Financial Co. (NASDAQ: UMBF) had its price target raised by analysts at Wells Fargo & Company from $107.00 to $120.00. They now have an "equal weight" rating on the stock.MarketBeat
- UMB Financial Co. (NASDAQ: UMBF) had its price target raised by analysts at Barclays PLC from $118.00 to $123.00. They now have an "overweight" rating on the stock.MarketBeat
- UMB Financial Corporation Reports Third Quarter Net Income of $109.6 Million and Net Operating Income(i) of $110.4 Million.Business Wire
- UMB Financial Co. (NASDAQ: UMBF) is now covered by analysts at Citigroup Inc.. They set a "buy" rating and a $127.00 price target on the stock.MarketBeat
- UMB Announces Conference Call to Discuss Third Quarter 2024 ResultsBusiness Wire
UMBF
Earnings
- 10/29/24 - Beat
UMBF
Sec Filings
- 10/31/24 - Form 10-Q
- 10/29/24 - Form 8-K
- 10/2/24 - Form 4
- UMBF's page on the SEC website