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Celgene’s Buybacks Are Coming Up Empty

May 24, 2018 11:23 a.m. ET Celgene CELG 2.42% is opening its wallet yet again, but to what end? The struggling biotech giant announced Thursday that it plans to spend $2 billion on an accelerated stock repurchase. That is about 4% of the company’s market value as of Wednesday’s closing …

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