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Biotech / Medical : The Stock for 1999(Polymedica)PLMD(Medical Supply Co.)

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To: Abuckatatime who wrote (1717)8/10/1998 3:40:00 PM
From: Sam  Read Replies (1) of 3414
 
I'm not especially good at interpreting legalese so doublecheck me on this! PM's board is proposing that in case of a "change in control" of the company that all employee and management stock options will immediately BECOME FULLY VESTED. I find no "poison pill" language. My translation of this is they are not fighting a takeover as long as their options aren't hurt. If your doublecheck confirms this I would think the probability of a takeover just increased significantly. Sam
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