Ligand (LGND) Breakout! Message Board

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Biotech / Medical : Ligand (LGND) Breakout!

LGND 181.46

-2.4%

Feb 12 3:59 PM EST

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To: Mudcat who wrote (27037)	12/28/1998 7:51:00 AM
From: Henry Niman	Read Replies (3) of 32384

The Aug 12, 1998 press release described the addition of Knight Aquisition Co: BW0235 AUG 12,1998 14:19 PACIFIC 17:19 EASTERN ( BW)(LIGAND-PHARMACEUTICALS)(LGND) Ligand Completes Merger With Seragen; Seragen Stockholders Approve Merger Today Business Editors/Health Writers SAN DIEGO--(BW HealthWire)--Aug. 12, 1998--Ligand (LYE-gand) Pharmaceuticals Incorporated (NASDAQ:LGND) announced today that its merger with Seragen Inc. (OTCBB:SRGN) has been approved by a majority of Seragen stockholders. Under the companies' definitive merger agreement, a wholly owned subsidiary of Ligand, Knight Acquisition Corp., merged with Seragen and Seragen became a wholly owned subsidiary of Ligand. More than 97 percent by voting power of Seragen capital stock present or represented at a special meeting held this morning voted in favor of the merger. Those voting were a majority by total voting power of Seragen capital stock............

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