Ligand (LGND) Breakout! Message Board

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Biotech / Medical : Ligand (LGND) Breakout!

LGND 206.84

+2.8%

Nov 18 3:59 PM EST

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To: WTDEC who wrote (22506)	6/19/1998 6:00:00 AM
From: Henry Niman	Read Replies (1) of 32384

Looks like MRK and Astra have reached a restructuring agreement: The Wall Street Journal -- June 19, 1998 Technology & Health: Merck, Astra Reach Restructuring Pact --- Swedish Firm Would Gain Ownership of Venture, Still Provide Royalties ---- By Steven Lipin and Robert Langreth Staff Reporters of The Wall Street Journal Merck Co. and Sweden's Astra AB expect to announce that they have reached a definitive agreement over restructuring their longstanding joint venture, a move that could provide Merck with billions in cash while giving Astra control, according to people familiar with the matter.

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