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Biotech / Medical : Monsanto Co. -- Ignore unavailable to you. Want to Upgrade?

To: Anthony Wong who wrote (564)	11/18/1998 1:36:00 PM
From: JGoren	Read Replies (3) \| Respond to of 2539

In the last few days there have been block trades totaling 694,000 shares, "crossed by Deutsch Bank" Any ideas what this means. What does "crossed by" mean? Handling buy or sale side?

To: Anthony Wong who wrote (564)	11/18/1998 5:00:00 PM
From: Anthony Wong	Respond to of 2539

Monsanto Holders Drop Suit After American Home Merger Fails Bloomberg News November 18, 1998, 3:10 p.m. ET Monsanto Holders Drop Suit After American Home Merger Fails Wilmington, Delaware, Nov. 18 (Bloomberg) -- Monsanto Co. shareholders who sued to block a proposed $35 billion merger with American Home Products Co. dropped their suit because the companies decided to terminate the merger agreement. St. Louis-based agricultural products maker Monsanto and Madison, New Jersey-based American Home said June 1 they would merge, swapping 1.15 shares of American home for each Monsanto share, valuing Monsanto at $56.64 a share. In the following days, at least eight suits were filed in Delaware Chancery Court in Wilmington by Monsanto stockholders who said they wouldn't get enough for their shares and asked a judge to stop the merger. On Oct. 13, because of potential clashes in management styles, the companies announced they were canceling the merger, which would have created a world leader in life sciences. Yesterday, Chancery Court Judge Jack Jacobs ordered the case dismissed without payment of costs or fees to either party. ''The termination of the merger agreement between Monsanto and AHP has rendered this action moot,'' said shareholders' lawyer Joseph Rosenthal, Monsanto's lawyer Richard Horwitz and American Home's lawyer, William LaMotte in court papers. ''Well, it is moot, but we obviously felt we had done everything in the best interests of shareholders,'' said Monsanto spokeswoman Lori Fisher. American Home would not immediately comment. Shares of Monsanto fell 1/8 to 41 3/16 in late trading today. American Home fell 1/4 to 47 7/8. --Phil Milford in Wilmington, Delaware (302) 984-3373, through