Genzyme Tissue Repair (GZTR) Message Board

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Biotech / Medical : Genzyme Tissue Repair (GZTR)

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To: Knighty Tin who wrote (2518)	12/12/2000 6:48:28 AM
From: Micawber	Read Replies (1) of 2553

December 12, 2000 Market Place: Tracking Stocks' Luster Masks Risk and Conflicts of Interest By GRETCHEN MORGENSON ...Genzyme shareholders are mulling over the creation of a new tracking stock that would result from an acquisition proposed by management. Two of the Genzyme Corporation's units covered by tracking stocks would buy the company, Biomatrix, using money borrowed by the parent Genzyme. While the purchase could increase the market prices of the tracking stocks, which are to be combined, the liability for the loan would ultimately fall on the parent company, leaving it to shoulder most of the risk yet receive little of the benefit... nytimes.com

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