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Biotech / Medical : Agouron Pharmaceuticals (AGPH)
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To: Zirdu who wrote (4995)7/26/1998 6:47:00 PM
From: mumbles  Read Replies (1) of 6136
 
This is a pretty basic question but I have not seen it discussed on this thread: What are the implications of the new stock for current short sellers? If there still short on the effective date, won't they have to replace the new stock that existing holders will be entitled to like any other dividend? Could this lead to a rethinking of the short case? Would be interested to know what has happened in other cases. mumbles
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