BMY RT BRISTOL MYERS SQUIBB RTS COMPANY EXP 03/31/21 CONTINGENT VALUE RIGHTS What do I do with this? 1. If I think BMY will go down, I will exercise the warrant and sell the stock? 2. If I think BMY will go up , I will just hold the warrant until #1?
This is a Celgene CVR (contingent value right). A binary options. It either pays $0 or $9 depending on three events, it has nothing to do with BMY stock valuation. However, since BMY stock holders will be on he hook for either $0 or $9, when the expiration approaches, BMY stock value may be affected based on the likely outcome.
It is not over until the fat lady sings: https://www.reuters.com/business/he...-lawsuit-over-delayed-cancer-drug-2022-06-24/ My CVR shares may be worth something after all.