Rorer/Robins
Executive Summary
Rorer merger proposal getting serious consideration by Robins board. Original June 26 proposal, which expired June 29, was extended by Rorer to 6:00 P.M. July 2. Offer calls for a merger through an exchange of securities in which Robins stockholders would receive for each of their shares either one Rorer convertible share, estimated to have a "stated value" of $30, or .625 shares of Rorer common stock "if the market value of the Rorer common is $48 or greater".