Ligand (LGND) Breakout! Message Board

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Biotech / Medical : Ligand (LGND) Breakout!

LGND 190.43

-0.7%

Feb 6 9:30 AM EST

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To: Harrison Hickman who wrote (7525)	9/26/1997 7:11:00 PM
From: Andrew H	of 32384

>>With respect to the "charge," to my eye, if the applicable value of LGND stock used in the deal exceeds the stated option price, a charge would be based on an esoteric (non-market) pricing of the "assets." Maybe you or someone else with a clearer understanding could comment.<< Well, Harrison, the Lehman report answers your question in regard to the "one time charge." Very UNesoteric. The charge will be a bit over 50M, which is calculated by subtracting 10M (1/2 of cashed received from leftover ALRI funds) + 8.9M received from AGN=18.9M from the $71.4M purchase price. That means the one time charge will be roughly in the area of 52M give or take a couple of M. I guess they are referring only to the financial assest.

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