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Biotech / Medical : New Brunswick Scientific Co., Inc. (NBSC)
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To: scaram(o)uche who wrote (417)2/19/2002 12:23:03 PM
From: richardred  Read Replies (2) of 724
 
Richard: I agree very much. The ball is in FSH court,but they have time on their side. This pasted part of the press release. Exclusive distribution to Fisher for three years certainly does safeguard NBSC from other interested parties. This with 33% of NBSC stock in friendly hands gives the board leverage at what a fair price would be, should the board be thinking of selling out. A big parent certainly lowers risks to future capital funding, and to any retirement plans Mr Freedman might have. The good thing is, if earnings continue to increase, FSH just might want to talk before 3 years is up. A stock deal, instead of cash could help deal with the capital gains issues for board members, with a cash buy out of options for near term cash proceeds. From my personal experience, most buy outs happen with companies on the upswing. NBSC is definitely on the upswing. A floating of new debt by Fisher would definitely be a good sign.

RR

"Additionally, we have successfully negotiated a three-year contract extension of our exclusive distribution agreement with Fisher Scientific International, lending further stability to our global presence. And perhaps most importantly, we have begun 2002 unfettered by non-core investments, giving us the opportunity to focus on our core business which should lead to solid growth in both sales and earnings as we move forward," Freedman concluded
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