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Non-Tech : Auric Goldfinger's Short List -- Ignore unavailable to you. Want to Upgrade?

To: chester lee who wrote (950)	12/17/1998 1:43:00 PM
From: gringodoc	Read Replies (1) \| Respond to of 19428

Alex. Brown on ENVY, FWIW: ENVOY CORPORATION (ENVY) (12/16/98, 51.38, BUY) Cato D. Carpenter 410-895-3269 -- Envoy Corp. agreed to be acquired by Quintiles Transnational Corp. in a stock swap worth $57.72 per share to Envoy shareholders at the current price of Quintiles ($49.50-QTRN). The ratio is 1.166 shares of Quintiles stock for each share to Envoy. Envoy Corp. stock currently is up $9.875 to $52.125 on the news. -- Quintiles has signed a definitive agreement to buy Envoy. The Company does not expect any antitrust issues to occur since Quintiles and Envoy are in different businesses and do not compete with one another. There are collars and walk-away provisions in the event of a significant change in market conditions. -- Quintiles expects the deal to be non-dilutive and therefore expects to continue to reach the consensus street EPS estimates of $1.38-$1.40 in 1999.