Immunex Message Board - Msg: 16808982

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Biotech / Medical : Immunex

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To: aknahow who wrote (643)	12/19/2001 8:01:54 AM
From: LemurHouse	Read Replies (1) of 656

<<<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 >>> I'm sure you realize this, but I should point out that its $4.50 cash, not $44.50. Here's the language that was taken from the transaction summary on the website. All of the early announcements made a point of stating that its a tax-free transaction. Quote Structure Tax-free reorganization (Immunex shareholders will not be taxed to the extent that they exchange their Immunex stock for Amgen stock) Terms Immunex shareholders receive 0.44 shares of Amgen common stock and cash of $4.50 for each Immunex share End Quote All of this can be found at: amgen.acquisitioninformation.com

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