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Biotech / Medical : wla(warner lambert)
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To: George P. Stergio who wrote (911)12/17/1999 8:51:00 AM
From: Lane3  Read Replies (1) of 942
 
I am trying to get a sense of why warner lambert
shareholders would not vote in favor of the pfizer merger and oust the
existing board of wla.

One reason is that mergers are hard on organizations even when the parties are compatible. When there are personality clashes or organizational culture clashes, long-term shareholder value can be devastated, particularly when the resulting environment causes the loss of talent.

While there's always the risk that the key players will feather their own nests at the expense of the company, there's something to be said for giving them lattitude to assess what is or is not a good fit for their companies.

Karen
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