SI
SI
discoversearch

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor.  We ask that you disable ad blocking while on Silicon Investor in the best interests of our community.  If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.
Biotech / Medical : wla(warner lambert)
 Public ReplyPrvt ReplyMark as Last ReadFilePrevious 10Next 10PreviousNext  
To: tombet who wrote (910)12/22/1999 2:28:00 PM
From: john dodson   of 942
 
Re: It will take more than 2.5 shares of PFE to get WLA

That's what I thought originally to. Consider what has transpired, though. The AHP offer of 1.49 shares for each WLA share was worth $75+ a few weeks ago. Now that AHP has dropped to $40, the offer is worth about $60+. Course AHP is up a smidget from there, but the trend has been down.

PFE's offer of 2.5 shares at $33 is still $82.5, over $20 per share better than the AHP offer. Granted both stocks have been somewhat volatile, but clearly AHP has been pretty much going down. No doubt the market doesn't have much faith in AHP's ability to win a fight for WLA.

So, at this point you gotta ask why PFE would raise their bid. What would they gain? Their offer is over $20 a share better than AHP's as it is. That's pretty compelling stuff. Of course, as a WLA shareholder, I'm prepared to be even more compelled! In fact, an offer of 3 PFE shares would probably be the straw that breaks the WLA BOD's back. $100 a share versus $60 something. That's not even close. Not even volatility could diminish that difference very easily.

That might even make AHP consider rescinding their offer. Who knows. The WLA BOD appear to be a bunch of inert folks from the looks of it. They might just try to ignore a $40 premium also. How in the HELL do they get away with that?

-John Dodson
Report TOU ViolationShare This Post
 Public ReplyPrvt ReplyMark as Last ReadFilePrevious 10Next 10PreviousNext  

HomeMailHotSubjectMarksPeopleMarksKeepersSettings
Terms Of UseContact UsCopyright/IP PolicyPrivacy PolicyAbout UsFAQAdvertise on SI
© 2025 Knight Sac Media.  Data provided by Twelve Data, Alpha Vantage, and CityFALCON News