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


To: Anthony Wong who wrote (1437)3/3/1999 2:14:00 AM
From: JGoren  Read Replies (1) | Respond to of 2539
 
Anyone familiar with DuPont and how a merger would look to MTC shareholders? I personally have a bit of a problem with selling at this point. Seems like Celebrex revenues and profits should help make a major dent in the debt and give time for the genetically altered seed business to develop, and the company would be worth a lot more down the road.



To: Anthony Wong who wrote (1437)3/3/1999 8:41:00 AM
From: jopawa  Read Replies (1) | Respond to of 2539
 
Wednesday March 3, 8:17 am Eastern Time
Monsanto Up at 49-3/4 Pre-open From 44-6/16 Tuesday Close
(This is a headline-only alert, although it will likely be followed by an article soon)



To: Anthony Wong who wrote (1437)3/3/1999 8:42:00 AM
From: jopawa  Respond to of 2539
 
From thestreet.com this morning

Monsanto (MTC:NYSE) is in merger negotiations with DuPont (DD:NYSE), the New York Times reported, citing execs who say they've been briefed on the talks. Robert Shapiro, Monsanto's chief executive, has been searching for a way for Monsanto to be acquired by DuPont and still retain its special character and habits with its own compensation and incentive programs and possibly its own stock, the Times reported, citing the executives. The execs said the talks are still at a preliminary stage and may go no further, the Times said.



To: Anthony Wong who wrote (1437)3/3/1999 8:45:00 AM
From: jopawa  Read Replies (1) | Respond to of 2539
 
Anthony,

Sounds like Shapiro wants it both ways, but why would DD want to do this other than to slowly integrate MTC and ease out Shapiro? Makes you wonder at what price Shapiro would be happy, 65, 75 ?

John