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Biotech / Medical : Imclone systems (IMCL) -- Ignore unavailable to you. Want to Upgrade?

To: 613 who wrote (1685)	9/24/2001 4:43:21 PM
From: caly	Read Replies (3) \| Respond to of 2515

In trying to reason through this, only 20% of the shares are actually worth $70, right? The other 80% remain at prevailing market value. In other words, if you were to buy shares now, you will likely only be able to sell a portion of them at $70 (assuming good acceptance of the tender.) If all shareholders were to offer up 100% of their shares for the tender, then theoretically, all shareholders would be able to sell 20% of their shares for $70. The other 80% remain at market value. Therefore, it wouldn't make sense for the stock to go to $70. Am I thinking about this right?