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Biotech / Medical : Monsanto Co. -- Ignore unavailable to you. Want to Upgrade?

To: HandsOn who wrote (2515)	1/13/2000 12:32:00 PM
From: SteveR	Read Replies (1) \| Respond to of 2539

Is paying $81 mil breakup fee a good deal? Well, that depends. I believe it is a good deal because it averts (over) paying $1.9 billion for Delta. The deal was in regulatory review for over a year so I would suspect the govt didn't like or wouldn't allow the deal to be consummated. This merger was dropped just after MTC announced their merger with PNU. I think you'll do well LT with MTC, short term it will be a bumpy road with the merger & all. I think they're serious this time (as opposed to the AHP deal) because MTC will be owed something like $634 million if the merger is not consummated by 12/31/2000. Also, I am a firm believer in their Ag division with genetic engineering of plants for the betterment of the environment and mankind. Again, LT this could pay off handsomely. 'Regards... SteveR