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Biotech / Medical : Ligand (LGND) Breakout! -- Ignore unavailable to you. Want to Upgrade?

To: smh who wrote (28669)4/8/1999 11:42:00 PM
From: bluejeans  Read Replies (1) | Respond to of 32384
 
SMH,

The "federal long-term tax exempt rate" in August, 98 was 5.15%.

The price paid for SRGN was $30 million followed by a future payment of $37 million.

Footnote 13 of the annual report mentions that the SRGN preacquisition tax nol and credit carryforwards have been reduced due to the more than 50% change in ownership.

Internal Revenue Code Section 382 and 383 are relevant to this issue.

Hope this helps.

Bob


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