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Biotech / Medical : ROTC:Rotech medical

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To: David Lawrence who wrote (142)8/29/1997 1:23:00 AM
From: JohnSK   of 161
 
Rotech's Investment Banker for the merger is Smith Barney. They put out a very positive and substantial investment report on IHS dated June 30 - just weeks before the merger announcement. They gave it a 1H (Buy, High Risk) rating. IMO they downplayed the debt issue more than they should have. I'm sure they will put forth a positive opinion on the merger.

John
(long ROTC)
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