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Biotech / Medical : Innerdyne -- Why are they still losing money? -- Ignore unavailable to you. Want to Upgrade?

To: Gordon Chamberlain who wrote (65)	11/2/2000 5:25:32 PM
From: Charles W. Breaux, Jr.	Read Replies (1) \| Respond to of 68

To quote from the Tyco Acquisition Offer Prospectus: Q. If I decide not to tender, how will the offer affect my shares? A. If you decide not to tender your shares in the offer and the merger occurs, you will receive in the merger the same fraction of a Tyco share per InnerDyne share you own as if you had tendered your shares in the offer, without interest. Q. Will InnerDyne continue as a public company? A. No. If the merger occurs, InnerDyne will no longer be publicly owned. Even if the merger does not occur, if we [Tyco] purchase the tendered shares, there may be so few remaining InnerDyne stockholders and publicly held InnerDyne shares that the shares may no longer be eligible to be quoted on the Nasdaq National Market or other securities markets, there may not be a public trading market for the shares and InnerDyne may cease making filings with the SEC or otherwise cease being required to comply with SEC rules relating to publicly held companies. After reading the Tyco prospectus & the InnerDyne recommendation, I am tendering my shares, albeit reluctantly. Chuck