PFE (Pfizer) How high will it go? Message Board

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Biotech / Medical : PFE (Pfizer) How high will it go?

PFE 25.04

+2.6%

3:59 PM EST

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To: BigKNY3 who wrote (4978)	8/16/1998 11:48:00 PM
From: Anthony Wong	Read Replies (1) of 9523

Japan TSE/Glaxo Wellcome : Follows Report Of Merger August 16, 1998 9:14 PM TOKYO (Dow Jones)--The Tokyo Stock Exchange said Monday it is suspending trade of Glaxo Wellcome PLC's (U.GLX) shares and convertible bonds on the foreign section of the bourse following a report that the company will merge. In a Sunday report, the Press Association quoted anonymous pharmaceutical industry sources as saying it is only a question of time before Glaxo Wellcome merges with SmithKline Beecham PLC (U.SB). The report quoted a SmithKline Beecham spokesman as saying the company does not need a merger. It quoted a Glaxo Wellcome spokesman as saying the companies aren't in merger talks. The TSE said if it can't confirm the report by 0420 GMT, trade in Glaxo Wellcome will be suspended for the full session Monday. smartmoney.com

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