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Biotech / Medical : Biotech & Pharma.T.A,

BIB 75.48

+1.4%

Nov 14 4:00 PM EST

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To: Jibacoa who wrote (274)	2/10/2003 12:56:50 PM
From: Jibacoa	Read Replies (1) of 3722

CLPA Is up more than 45% after the announcement of a merger with OSIP, which will exchange 0.567 of its stock for every CLPA's share. (That would be around $0.80/share for CLPA's shares if OSIP's shares can hold at $14.18 <g>) The shares are trading at $0.74 and volume is past the 3.2 million (more than 17x its daily average) siliconinvestor.com Although OSIP is paying almost 2x book, (in OSIP's shares.<g)CLPA still had about $0.45 in cash/share.It doesn't seem to be a bad deal for OSIP. Will see if OSIP's shares can hold the 13.50 level and the stock has not closed its August 23 down-gap. siliconinvestor.com The September L was 11.50 siliconinvestor.com Bernard

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