IVAX, Generic Giant Message Board

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Biotech / Medical : IVAX, Generic Giant

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To: Doug who wrote (155)	4/4/1997 11:59:00 AM
From: Mark A. Stang	of 212

IVX price driven down by fear over terminated merger-- This is the second failed merger for Ivax, first was Norwegian pharmaceutical, Hafslund Nycomed, a few years ago. I suspect that some SH's fear that BBC pulled out because it unearthed some surprisingly negative information, and that has caused a selling stampede. I think BBC just got cold feet because they (or their SH) didn't want to keep the deal in light of the discount in Ivax's post-merger trading price. In effect, to consummate the merger BBC would have had to pay a "premium" above market price for Ivax. Anyway, I'm back into Ivax, picked up 2,000 shares at 8 3/8 this morning through E-Trade. I don't see Ivax getting beaten down much more, and think the stock could be back in the low teens within six months.

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