Stocks Crossing The 13 Week Moving Average <$10.01 Message Board

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Strategies & Market Trends : Stocks Crossing The 13 Week Moving Average <$10.01

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To: James Strauss who wrote (2228)	7/12/1998 8:33:00 PM
From: Warthog	Read Replies (1) of 13094

IBAH - absorbed by OCR Omnicare Inc (NYSE:OCR) buys IBAH (NASDAQ:IBAH) in stk deal Reuters, Monday, June 29, 1998 at 19:31 COVINGTON, Ky., June 29 (Reuters) - Omnicare Inc. said Monday it has completed the previously announced acquisition of IBAH Inc following the receipt today of IBAH shareholder approval. IBAH stockholders will receive .1638 of a share of Omnicare common stock for each share owned of IBAH common stock. As a result, Omnicare expects to issue about 4,296,000 shares of common stock in this transaction, which will be accounted for as a pooling of interests. Omnicare's stock closed Monday at 36-7/8. The geriatric pharmaceutical company has 82.88 million shares outstanding. IBAH Inc. comprehensive product development services to client companies in the pharmaceutical, biotechnology, medical device and diagnostics industries. Copyright 1998, Reuters News Service hope this helps collin

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