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JPL1868

03/23/17 5:48 PM

#35579 RE: Deal McMogulson #35573

JNJ would give USRM a price per share. USRM would then trade close to that pps until they close on the deal. Any USRM stock you hold after the close of the deal would be converted to JNJ stock at the same value as your USRM shares.