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BamaStang

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BamaStang

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Thursday, 11/11/2010 9:13:01 AM

Thursday, November 11, 2010 9:13:01 AM

Post# of 2347220
SPPH NEWS!!!!! BUY OUT OFFER!!!

BOSTON, MA) Spencer Pharmaceutical Inc. (SPPH) announced today that an unsolicited offer received on November 4, 2010 is at a premium of $0.97 per share, making the potential transaction valued at $245 million.
According to the buyout offer documents, the purchaser is requiring any and all shares be tendered for a purchase price of $0.97 per share and with the intent to privatize the company. Spencer Pharmaceutical (SPPH) has opted to continue to keep the purchaser's name confidential until such time as a timeline can be presented and the approval of the board of directors can be obtained.

Rule No.1: Never lose money. Rule No.2: Never forget rule
No.1. ~Warren Buffett

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