Immunex, American Home Products deal

IMNX's special committee of directors unanimously rejected AHP's offer to purchase the remainder of the Seattle company it does not own at $14.50 per share. The committee, along with its financial advisor Alex. Brown, said the price would "appear to create value for the shareholders of AHP at the expense of the minority shareholders of Immunex." IMNX declined to comment on the specific factors that went into its decision. ...