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To: B Tate who wrote (14574)	1/15/2000 9:14:00 AM
From: Dale Baker	Read Replies (2) of 118717

If this info is correct then there is no premium to WLA's current price in the event of a buyout. Warner-Lambert Caves To Sweet Sounds of Cash An INTERACTIVE JOURNAL News Roundup Money talks, and the chatter got loud enough to get Warner-Lambert Co. to the bargaining table with Pfizer Inc. and restart talk about merger fever in the pharmaceuticals sector. Warner-Lambert's board Thursday warmed to the idea of a transaction with its hostile suitor, admitting that such a move may be better for shareholders than a planned merger with American Home Products Corp. Better, indeed. Pfizer's bid is currently valued at $78.64 billion, or $92.19 a Warner-Lambert share -- or 45% more than American Home's offer of $54.24 billion, or $63.59 a share.

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