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Biotech / Medical : Immunex

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To: LemurHouse who wrote (632)12/19/2001 12:05:17 AM
From: aknahow  Read Replies (2) of 656
 
<<<But with a fixed conversion of .44 shares of AMGN plus $4.50 tax-free cash for each share of IMNX, .....>>>>

Why is the 44.50 tax free? Not saying that's not true but just wondering why it would be so. Was unable to find any reference on the Amgen site, that this part of the transaction could be tax free. TIA
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