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Company Statement: Celgene to acquire Pharmion for $2.9 billion in cash and stock

( November 19, 2007, 15:32 GMT | Official Statement) -- ****************************************SUMMIT, N.J. & BOULDER, Colo.--(BUSINESS WIRE)--Nov. 19, 2007--Celgene Corporation (Nasdaq: CELG) and Pharmion Corporation (Nasdaq: PHRM) today jointly announced the signing of a definitive merger agreement pursuant to which Celgene has agreed to acquire Pharmion. Under the terms of the merger agreement, Celgene will acquire all of the outstanding shares of Pharmion common stock for $72.00 per share payable in a combination of cash and shares of Celgene common stock. The transaction is expected to be slightly dilutive to earnings in 2008 and accretive in 2009 and beyond....

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