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Biotech / Medical : wla(warner lambert)

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To: tombet who wrote (910)12/22/1999 3:41:00 AM
From: John Romeo   of 942
 
I have read that some analysts agree that PFE will initially go to a 3 share ratio and if things get sticky could pull out 3.5 shares to close the deal,still remaining accretive to earnings. I agree with the posters here. What is the deal? There is none, a conditional offer,yes. I would like to see a firm offer before voting on ousting the board.Not that the WLA BOD has been objective in this process,I doubt we could see over 3 shares of PFE stock if they are able to oust the BOD. With a WLA board and a firm PFE offer, fruitful negotiations between both parties could garner the 3.5 share ratio. I would have to believe the WLA BOD could not turn their heads to that size offer. It would wreak of impropriety.
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