FEDERAL FILINGS
11/04 Salk Tells Sibia Neurosci Of Intent To Cut Stake-2
Form S-1 333-39389 SEC RECEIVED:
11/04/97
ISSUER: SIBIA NEUROSCIENCES INC.
SYMBOL: SIBI
UNDERWRITER: UBS Securities, Piper Jaffray Inc., and Vector Securities
International Inc.
OFFERING: 2.5 million shares of common stock, including 250,000 shares on
behalf of certain celling shareholders, plus an additional
375,000 shares for over-alotments.
NARRATIVE DESCRIPTION
WASHINGTON (FFBN) The Salk Institute has informed Sibia
Neurosciences Inc. of a desire to liquidate "all or a portion" of its
holdings in Sibia.
As of Nov. 4, The Salk Institute had a 1,983,461 share (21.4%)
stake in Sibia.
Sibia said in the filing that its common stock has a low
trading volume and that sales by the Salk Institute of shares of
company's common stock could have a material adverse effect on the
market price of Sibia's stock.
Officials at Sibia were not immediately available for comment.
/FEDERAL FILINGS CONTACTS: (202) 393-7856 FOR EDITORIAL,
(800) 487-6162 FOR DOCUMENT SALES,
(202) 628-8990 FOR NEWSWIRE SALES,
(888) FED-FILE FOR TECHNICAL SUPPORT,
& fedfil.com //
(END) FEDERAL FILINGS-DOW JONES NEWS 11-04-97
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