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Biotech / Medical : Agouron Pharmaceuticals (AGPH)

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To: billkirn who wrote (6042)2/20/1999 3:04:00 PM
From: Steve Fancy  Read Replies (1) of 6136
 
Bill, although I'm now free of AGPH, and not 100% sure what you're saying, I think the price of AGPH is fixed at $60 if WLA is in the range of $64-$74. I think what you're seeing is a fear that WLA may fall short of $64 and a level of risk margin deemed appropriate by whomever is being built in. I'll bet many fear the AGPH could pull back to the 40's if the deal falls through.

I have no feeling for where WLA is heading, but the enthusiasm for the deal seems to have dimished based on the falling stock prices. Maybe you'll see a turnaround next week.

Good luck Bill!

sf
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