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Biotech / Medical : sgp(schering plough)

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To: Home-Run who wrote (109)	11/29/2003 9:58:24 AM
From: Home-Run	Read Replies (1) of 117

8:32AM Schering-Plough CEO buys $4.68 mln of common stock (SGP) 15.38: -- Update -- Co announces that CEO Fred Hassan purchased $4.68 mln worth of Schering-Plough common stock, representing 303,500 shares. Hassan had previously expressed his intention to acquire shares of the company, as reported in Investor Frequently Asked Questions (FAQs) filed with an 8-K/A with the SEC on Aug. 13. "This investment in Schering-Plough reflects my long-term confidence in the company," said Hassan. He noted that within a few months of joining Pharmacia & Upjohn in 1997 he had purchased an amount of that co's common shares. Hassan joined Schering-Plough in April 2003.... SGP also highlighted in a WSJ story today regarding merger possibilities with Merck (see 07:43 comment).

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