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DewDiligence

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DewDiligence

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Re: biophud post# 63820

Sunday, 06/29/2008 9:27:42 PM

Sunday, June 29, 2008 9:27:42 PM

Post# of 252707
>TKPHY does represent half a share; however, TKPHF appears to represent one full share as it is trading at twice the price of TKPHY.<

In that case, you have the explanation you were looking for re the dual tickers: TKPHF is the old full-share ADR that is obsolete (and not traded, as jbog said), while TKPHY is the new half-share ADR issued by both JPMorgan and Citibank. (Takeda presumably wanted to have two ADR custodians for the new ADR issue in case one of them failed to perform.)

>what is your investment opinion of Takeda<

I haven’t studied the company closely enough to have a strong opinion; I’ll take a look when I get a chance. Regards, Dew

“The efficient-market hypothesis may be
the foremost piece of B.S. ever promulgated
in any area of human knowledge!”

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