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Biotech / Medical : Ligand (LGND) Breakout!
LGND 204.10+2.3%Jan 22 3:59 PM EST

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To: Henry Niman who wrote (10276)10/28/1997 10:43:00 AM
From: HB  Read Replies (1) of 32384
 
Henry, what more do you know about the terms of the ALRI buyout?
I got a call from my broker yesterday saying that it was all cash
at $21.97, conditional on a majority of shareholders tendering
(I did). Do you think the fact that ALRI hit $19 today is due to
a serious possibility the buyout won't happen, or is it just market
madness. I am tempted to load up (although at this point, it may
be back over 20, who knows!!).

Howard
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