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Biotech / Medical : Cistron Biotechnology(CIST)$.30

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To: harry zelatis who started this subject8/29/2000 5:52:12 PM
From: Chris W.  Read Replies (1) of 2742
 
Am I smoking crack or is this easy money?
I gather that the ratio is 1 CIST = .01916 CLL

Using my own CIST holdings, and knowing today's price of CIST is 55ish cents and todays price of CLL is $41.75, don't I get a fair post-merger value of 80 cents for CIST?

What am I missing here? Why isn't this easy money? Is there really that much doubt that the merger is going to go through?
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