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Biotech / Medical : Agouron Pharmaceuticals (AGPH)
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To: Zirdu who wrote (5964)1/26/1999 6:50:00 PM
From: mod  Read Replies (2) of 6136
 
There are onerous provisions ($60 million payment, 20% stock options) so I doubt there would be a higher bid.

Has anyone else noticed that the "$60" bid is exactly 1/4 point above AGPH's 52-week high of 59 3/4? As if that is how they set the price. I wish they had demanded a better premium then $0.25 (unless they know something we don't and wanted to bail out, in which case I'll be happy with $60).
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