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To: VivB who wrote (918)12/8/1998 1:31:00 PM
From: VivB  Read Replies (1) | Respond to of 2782
 
Power Lunch effect -- broke news on merger of 2 European drug companies before 1PM {ZENECA (ZEN) & ASTRA (A)} and stocks took off within minutes. They speculated that we may see other drug company mergers -- this is the 3rd recent one. Story broken by a Wall Street Journal reporter who follows this industry (I did not catch his name). The official announcement may come tomorrow. Possible value of the deal was I think 30 billion.