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

To: SnowShredder who wrote (14193)2/4/1998 7:00:00 AM
From: Henry Niman  Respond to of 32384
 
I'm not sure about the exact mechanics (I assume that you can just go through your broker, but maybe it's with LGND directly), but you end up paying Ligand 7 1/8 for each LGNDW exercised and you get back an equal number of LGND. Thus 1000 LGNDW would require a payment of about $7125 which would then get you 1000 LGND and Ligand would get the money (and the number of outstanding shares would increase by 1000).


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