Common Stock of Cell Pathways Commences on Nasdaq November 4.HORSHAM Horsham (hôr`shəm), town (1991 pop. 38,356) and district, West Sussex, SE England. Horsham is known primarily for its agricultural and merchandising activities, but it also serves as an engineering center. , Pa.--(BW HealthWire)--Nov. 4, 1998--The Common Stock of Cell Pathways, Inc. (Nasdaq:CLPA CLPA CC-Link Partner Association CLPA Club Loisirs et Plein Air (Montpellier, France) CLPA Child Labour Programme of Action (national plan to eliminate child labour in South Africa) ) commenced trading today, November November: see month. 4, on the Nasdaq National Market under the symbol CLPA. The previously announced acquisition of Tseng Labs (Tseng Labs, Inc., Newtown, PA) A company that manufactured chipsets and display adapters for PCs. Founded in 1983, it provided products that enhanced PC display standards, and its ET3000 and ET4000 chips have been used in millions of display adapters. , Inc. closed yesterday. As the result of the transaction, each share of Tseng Labs will be exchanged for approximately .36 of a share of Cell Pathways (or approximately 2.75 Tseng shares for one Cell Pathways share). Trading in Tseng Labs ceased at the end of November 3; the closing price was $6.00. Each stockholder of record of Tseng Labs as of the close of business on November 4 will receive a letter of transmittal Letter of Transmittal A document used by security holder to accompany certificates surrendered in an exchange or other corporate action. from Cell Pathways' transfer agent in order to facilitate the exchange of stock certificates. Cell Pathways, Inc. is a pharmaceutical company focused on the development and commercialization of products to prevent and treat cancer. For additional information on Cell Pathways, Inc., visit the company's website at http://www.cellpathways.com. |
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