Imclone systems (IMCL) Message Board

STOCKTALK

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 : Imclone systems (IMCL)

IMCL 0.159

0.0%

Oct 5 5:00 PM EST

Public Reply Prvt Reply Mark as Last Read File

Previous 10 Next 10 Previous Next

To: caly who wrote (1686)	9/24/2001 4:59:43 PM
From: caly	of 2515

From the filing just released: MR. LYNCH: The tender offer should be launched within the next week, we expect - week to ten days, and it will be open for 20 business days and essentially any shareholder would decide what proportion of their existing ownership that they would tender. Once that is determined from each shareholder then the total tendered would be pro rated to come up to the 14.4 that was determined to be the 19.9% and as I stated earlier that would include the options that were conditionally exercised. So, in theory, if every single shareholder tendered all of their shares that they own, leaving aside for a second the conditional exercise, then every shareholder would be selling 19.9% of their holdings to Bristol for $70 in cash. ragingbull.tenkwizard.com

Report TOU Violation

Share This Post

Public Reply Prvt Reply Mark as Last Read File

Previous 10 Next 10 Previous Next