Will Bristol-Myers Squibb’s Agreement With Reckitt Benckiser Attract These Top Institutional Shareholders?

Bristol-Myers Squibb Co. (NYSE:BMY) has been paid $438 million upfront by Reckitt Benckiser (RBGPY.PK) in a deal to acquire the rights to sell certain over-the-counter medicines in Latin America for a period of three years. These OTC medicines include antacid Picot, pain and fever reducer Tempra, antifungal Micostatin and cough and cold medicine Graneodin. According to the arrangement, Bristol-Myers Squibb will be responsible for the manufacture of the medicines included in the agreement while Beckett will buy these products from Bristol-Myers Squibb and pay royalties on sales.

Will Bristol-Myers Squibb Company’s shareholders decrease their holdings? They reported owning a total of 393.263 million shares on 12/31/2012. The shares closed at $32.24 on 12/31/2012.

Here are the ten largest positions in Bristol-Myers Squibb Company at the end of December 31st, 2012.

Vanguard Group Inc. held 73,252,027 shares on 12/31/2012 worth $2,387,283,571. This brought the portfolio total to 0.3%.

Blackrock Institutional Trust Company N.A. held 46,190,423 shares on 12/31/2012 worth $1,505,345,893. This brought the portfolio total to 0.35%.

Bank of New York Mellon Corp. held 24,565,607 shares on 12/31/2012 worth $800,593,136. This brought the portfolio total to 0.28%.

Blackrock Fund Advisors held 20,022,093 shares on 12/31/2012 worth $652,520,014. This brought the portfolio total to 0.29%.

Federated Investors Inc. /PA/ held 13,012,238 shares on 12/31/2012 worth $424,068,838. This brought the portfolio total to 1.87%.

Blackrock Group Ltd. held 12,057,876 shares on 12/31/2012 worth $392,966,181. This brought the portfolio total to 0.32%.

Blackrock Advisors LLC. held 10,550,239 shares on 12/31/2012 worth $343,832,291. This brought the portfolio total to 0.36%.

J.P Morgan Chase & Co. held 9,715,675 shares on 12/31/2012 worth $316,633,850. This brought the portfolio total to 0.11%.

Legal & General Group PLC. held 7,316,170 shares on 12/31/2012 worth $238,433,981. This brought the portfolio total to 0.37%.

AllianceBernstein L.P. held 6,637,194 shares on 12/31/2012 worth $216,306,153. This brought the portfolio total to 0.26%.

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