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Biotech / Medical : Zeneca Group plc (NYSE ticker ZEN) -- Ignore unavailable to you. Want to Upgrade?


To: Henry Niman who wrote (61)12/8/1998 5:54:00 PM
From: Steven Messina,L.M.T.  Read Replies (1) | Respond to of 75
 
FT states that decision is expected this morning. I assume that's London/Swiss time. What time is it over there now?

May we wake up to the news first thing in the morning?

Steve



To: Henry Niman who wrote (61)12/8/1998 6:11:00 PM
From: Steven Messina,L.M.T.  Read Replies (1) | Respond to of 75
 
From the Fool:

Dec 08, 1998 (6:02 PM ET) - The Motley Fool Evening News

Swedish drug maker Astra AB (NYSE:A - news) jumped $3 5/8 to $21 7/8 and British counterpart Zeneca Group PLC (NYSE:ZEN - news) rose $4 1/4 to $45 before trading in both stocks was halted at around 1:30 p.m. Eastern time. Shortly thereafter, the companies announced that they are in "advanced" discussions that could lead to a possible merger. If a deal can be worked out, the combined company will sport Zeneca's stable of cancer treatments, led by Zestril, and Astra's well-established Losic ulcer franchise, which is marketed as Prilosic in the U.S. and accounted for about 55% of Astra's Q3 sales. Rumors that Astra was seeking a merger with Zeneca, Germany's Bayer AG, or even U.S. drug heavyweight Schering-Plough (NYSE:SGP - news) have been in the markets almost all year. With 1999 fast approaching, those rumors appear to be on the cusp of becoming reality.