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Biotech / Medical : sgp(schering plough)

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To: Clouseau who wrote (6)	8/1/1997 4:54:00 PM
From: Marc A. Goldfarb	Read Replies (1) of 117

A person I know bought approximately $6,000 of Key Pharmaceuticals in late 1972 to 1974. Key split many times starting I believe in 1978 and in 1986 Schering Plough bought Key in a stock swap. As a result of that stock swap this person in 1986 owned approximately 12,000 shares of SGP. It has since split 4 times 2 for 1 and is now worth approx. $10 million. This person now gets $145,000 a year in dividends or 6 times the original cost every quarter. Isn't the stock market a wonderful thing!

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