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Biotech / Medical : Munch-a-Biotech Today -- Ignore unavailable to you. Want to Upgrade?

To: aknahow who wrote (292)	3/18/1999 11:23:00 PM
From: LLCF	Read Replies (2) \| Respond to of 3158

<What law prevents taking a below reporting position in companies you might be interested in acquiring?> None, they can do it... and it is done. In my experience it is unusual. However, I'm not talking about the DD's or Novartis (CHIR's) deals of the world. These companies chose their partial investment route initially rather than a take over to supposedly keep the entities "independant & creative"... supposedly. <I don't know of any company doing a takeover that does not buy the below reporting level first.> What I'm saying is when a large company (INTC) announces a takeover (LEVL) the aquirer doesn't run out and buy the stock first. All hell would break lose and the whole street would know about it. If you're saying that in every deal that gets done (or even most), the aquirer first stealthily buys 4.9% you are mis-informed. Chinese Walls have ears! :) DAK