Ligand (LGND) Breakout! Message Board

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Biotech / Medical : Ligand (LGND) Breakout!

LGND 197.01

-2.9%

Dec 1 3:59 PM EST

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To: Cheryl Galt who wrote (29451)	11/21/1999 8:18:00 AM
From: Tiger	Read Replies (1) of 32384

Does anyone know the tax implications of this offer for the investors? Is the proposed redemption a tax-free transaction similar to the exercise of options where the cost basis of the LGND shares acquired will be $6 plus the cost basis of the warrants tendered.

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