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7/1/99Called writer and advised that, based on facts in letter, no HSR reportable event or events taking place. (MV agrees with conclusion) R.B. Smith

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7/1/99 Writer confirms that in first sentence of first full paragraph on pg.2, hospital participants also will have benefit of any gain in value of their respective hospitals. In last sentence of same...

To writer 7/22 2:30 pm. Agree assuming conversion occurs prior to merger. Discussed with DS. JHF