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Technology Stocks : USRX
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To: Brendan W who wrote (17655)4/25/1997 3:54:00 AM
From: Dwight E. Karlsen   of 18024
 
Brendan, re >When the market value of one of the companies changes dramatically, the exchange ratio should change or the deal will go bust. The only argument is whether USRX deserves part of the blame.<

As long as you realize of course that the ratio is NOT going to change. In the merger conference call, the CEO's were questioned closely on this subject. Their very firm reply was that the ratio will STAY at 1.75:1 no matter WHAT happens in the marketplace prior to the deal closing. The ratio is absolutely fixed. That is "hard-wired" into the agreement.

DK
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