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Biotech / Medical : Agouron Pharmaceuticals (AGPH)
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To: John Romeo who wrote (6066)5/12/1999 2:05:00 AM
From: billkirn  Read Replies (1) of 6136
 
John: The 9 day average price is $67 per share. We still have one more day. WLA's current price 68 1/4 is above this average $67 therefore Agouron shares are worth more than $60. Close to $61.14
The present exchange ratio is very close to .896. The final ratio
will be dependent on tomorrow's WLA price.

Formula: (60/(WLA Avg. Price)) x AGPH shares = WLA Shares received.

Last of the 9 trading days.
1. 4-29: 66 5/8
2. 4-30: 67 13/16
3. 5-3: 69 1/8
4. 5-4: 67 9/16
5. 5-5: 66 5/8
6. 5-6: 65 15/16
7. 5-7: 65 1/16
8. 5-10: 65 4/3
9. 5-11: 68 1/4
10. 5-12: ?
Average price for 9 days is 67.

Hope this is clear. Bill
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