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Strategies & Market Trends : Value Investing

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To: jeffbas who wrote (7676)7/6/1999 11:11:00 PM
From: peter michaelson  Read Replies (1) of 78519
 
Jeffrey:

Do go on, please. Tell us more. I am beginning my research immediately.

peter

Here's a little tidbit.....fractional shares bought in at 7 times the market price!!

ITEM 5. OTHER EVENTS. On June 28, 1999, Genzyme Corporation distributed 0.17901 of a share of Genzyme Surgical Products Division Common Stock, which we refer to as GZSP Stock, for each share of Genzyme General Division Common Stock held as of the close of business on the record date, which was June 14, 1999. We distributed approximately 14.8 million shares of GZSP Stock and paid cash for fractional shares at a rate of $25 per share.
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