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Strategies & Market Trends : Value Investing -- Ignore unavailable to you. Want to Upgrade?

To: Madharry who wrote (7685)	7/7/1999 2:20:00 AM
From: peter michaelson	Read Replies (2) \| Respond to of 78973

Armin: Corrrect. GZSP shareholder votes are counted in the overall Genzyme elections per: SERIES (UNTIL DECEMBER 31, 2000) TOTAL VOTING POWER ------ ------------------------- ------------------------- GZSP Stock 0.61 9.6% GENZ Stock 1.00 87.9% GZMO Stock 0.08 1.1% GZTR Stock 0.06 1.4% The percentage of the total voting power of the company's stockholders possessed by any one series can be calculated, at any given time, by dividing the number of votes per share of that series of common stock by the total number of votes per share that all series of common stock possess. On January 1, 2001 and on January 1st every two years thereafter, the number of votes to which each share of GZSP Stock, GZMO Stock and GZTR Stock are entitled will be adjusted as follows: # of votes for one = fair market value of one share of GZSP Stock share of GZSP Stock -------------------------------------------- fair market value of one share of GENZ Stock # of votes for one = fair market value of one share of GZMO Stock share of GZMO Stock -------------------------------------------- fair market value of one share of GENZ Stock # of votes for one = fair market value of one share of GZTR Stock share of GZTR Stock -------------------------------------------- fair market value of one share of GENZ Stock