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Biotech / Medical : Ligand (LGND) Breakout! -- Ignore unavailable to you. Want to Upgrade?


To: tdinovo who wrote (9974)10/22/1997 3:28:00 PM
From: Henry Niman  Read Replies (3) | Respond to of 32384
 
Ted, I think that the deal was done BEFORE the 20 day period. Just like the ALRI call, the deal is done in principal, and then the future price of LGND determines the amount of stock and after the time period is over, the deal is finalized. I suspect that the deal was done in early August and the institutions pushed the price from 12 to 16.