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Biotech / Medical : Munch-a-Biotech Today
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To: Biomaven who wrote (530)8/2/1999 10:16:00 AM
From: aknahow  Read Replies (1) of 3158
 
While really not a big deal for Merck, worth noting that Merck among all the large Pharmas always said it had no interest in acquisitions. Everyone else said they were going to do some.

The cash offer is not as tax friendly but the largest holders may not have a taxable gain.

Wondered why stock did not drop when the disappointing results were reported and I think you have made it clear why it did not. There were, as far as price moves are concerned, no overt leaks of the news, which is interesting, since posters always seem to think this sort of news leaks.
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