USRX Message Board - Msg: 910411

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Technology Stocks : USRX

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To: uu who wrote (14319)	3/1/1997 9:09:00 PM
From: Glenn D. Rudolph	of 18024

"By looking at COMS's bid of $33, shouldnt the bid for USRX be at least $57.75 (based on 33 * 1.75 share ratio)?! But USRX's bid is currently at $55 3/4 (i.e. $2 below what it is actually worth)! Am I missing something" Addi, You are not missing something. USRX was trading at a discount to COMS at close and if you wanted to own more shares of COMS after the dust settled, you could have purchased more USRX. They are "tied" to one another but occasionally the market will discount one to the other a bit due to the uncertainty of the deal going through. Glenn

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