Rumour Mill/Takeovers. Message Board

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Gold/Mining/Energy : Rumour Mill/Takeovers.

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To: pavlov 1 who wrote ()	7/15/1998 2:54:00 PM
From: pavlov 1	of 14

Reasons on Doman Industries. Herb Doman is 66 years old and in poor health. Never fully recovered from stroke he had two years ago. Company is 71.26% controlled by Herb. If he buys another 3.74% of the class A shares, he never has to hold another shareholders meeting again. He, or anyone else that takes over control, can force out the class B shareholders with a low-ball bid. Assets of the company are above $8.00 per share. The stock trades at $3.40. Louisina Pacific wanted it when it traded at $10.00. (Remember Herb tipped off Bennett?) Their debt is non-restrictive and leaves further room for borrowings. Herb's sons have no interest or enough expertise to run the firm. Last but not least, it was already in talks with MacMillan Bloedel and they liked it...Hey Mikey!

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