Silicon Investor (SI) -- The First Internet Community

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

Biotech / Medical : wla(warner lambert) -- Ignore unavailable to you. Want to Upgrade?

To: vpelt who wrote (924)	2/14/2000 4:03:00 PM
From: margie	Respond to of 942

Some articles of interest about the Pfizer takeover and about Agouron in the agph thread: "Agouron CEO Johnson Quits" February 11, 2000 <<SAN DIEGO -- Agouron Pharmaceuticals said yesterday that longtime chief executive Peter Johnson has left the company and is planning to retire after completing a special project for Warner-Lambert.> and... From the Financial Times, 2/8/2000 "Warner forced to swallow sharp medicine" ft.com <Pfizer was on Monday trying to make reassuring noises about its planned "integration" with Warner-Lambert, saying its policy would be that of "best in class" not "scorched earth". But there was little disguising who would be running the show after the industry's most acrimonious ever takeover battle.> "Clearly, this is a takeover financially, not a merger of equals," said Henry McKinnell, who as William Steere's anointed successor at Pfizer will eventually lead the combined company." .... Message 12867798

To: vpelt who wrote (924)	2/18/2000 12:16:00 PM
From: jelrod3	Read Replies (1) \| Respond to of 942

It seems that the street is saying something about this deal, or something about the drug industry in general based on the sliding price of WLA and other drug stocks. You can buy PFE at a discount of about 3.5% by purchasing WLA now at 88. Each WLA share will convert to 2.75 shares of PFE. PFE is selling for $33.18 now. This translates ot a value for WLA of $91.25. 91.25 - 88.00 = 3.25/91.25 = 3.55% discount. If PFE becomes stable or increases in price, and WLA slides some more, the discount expands. Long term, this one should be great.