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Gold/Mining/Energy : Avenor (avr-tse) - Repap buyout (rpp-tse)
AVR 4.380-3.4%3:59 PM EST
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To: Paul Lee who wrote (267)8/18/1997 11:24:00 PM
From: Dave Tan   of 290
 
From what I see, the most value out of Repap is its tax loss credits. A money making company might want to buy out Repap, sell of its remaining assets in coated paper, but most importantly, use the tax credits I believe of almost $70million. Don't know how much the coated paper asset is worth, but based on todays price, its valued at a net of $150 million.

Can someone post better numbers than I just did? Thanks.
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