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Biotech / Medical : SIBIA Neurosciences (SIBI) -- Ignore unavailable to you. Want to Upgrade?

To: jayhawk969 who wrote (512)	8/6/1999 3:55:00 PM
From: LLCF	Respond to of 579

<Current bid 9 3/16 ask 9 7/16. > Sold some @ 9 3/16, my offer @ 9 7/16... I'm just going to scale up and out. Who knows. Nice to have hung onto some. DAK

To: jayhawk969 who wrote (512)	8/6/1999 3:56:00 PM
From: scaram(o)uche	Read Replies (1) \| Respond to of 579

I punt. However, here's that little thorn in the side...... ITEM 5. OTHER EVENTS. On July 30, 1999, SIBIA Neurosciences, Inc. (the "Company") entered into that certain Agreement and Plan of Merger (the "Merger Agreement") between the Company, Merck & Co., Inc. ("Merck") and MC Subsidiary Corp., a wholly owned subsidiary of Merck ("Offeror") whereby Offeror would commence a tender offer to purchase all of the outstanding shares of the Company's Common Stock at a purchase price of $8.50 per share, net to the seller in cash (the "Offer") and, upon consummation of the Offer, effect a merger of Offeror into the Company (the "Merger"). In connection with the execution of the Merger Agreement, the Company and ChaseMellon Shareholders Services, L.L.C., as the Rights Agent ("ChaseMellon"), entered into that certain First Amendment to Rights Agreement dated as of July 30, 1999 (the "First Amendment") thereby amending that certain Rights Agreement dated March 17, 1999 (the "Rights Agreement") between the Company and ChaseMellon to provide that the terms of the Rights Agreement would not be applicable to either the Offer or the Merger to the extent they were conducted in accordance with the terms and conditions set forth in the Merger Agreement. A copy of the First Amendment is attached hereto as Exhibit 99.1. filed today