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Paco Pharmaceuticals

Executive Summary

Is still owned by R.P. Scherer. The Oct. 15 issue of "The Pink Sheet" (T&G-12) incorrectly stated that Scherer had sold the company. Although Scherer signed a letter of intent in February with an investment group headed by Paco President Russell Haines to sell the generic manufacturer for $39 mil., the deal fell through several months later.
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PS018267

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