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Robins/Rorer

Executive Summary

Next important date in the road to merger is Oct. 19. A hearing is scheduled in Richmond federal court on that day on Robins' motion for approval of a definitive merger plan. One hurdle was cleared on Oct. 1, with the encouragement of the court, when the Robins family execs worked out an agreement on indemnification with Rorer. The Robins execs reportedly had wanted the right to sell Rorer stock if necessary to pay for personal claims in the future. They settled for other protections in the agreement.
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PS012583

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