Bid.com International (BIDS) Message Board

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Microcap & Penny Stocks : Bid.com International (BIDS)

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To: Gee-Man who wrote (32944)	6/20/1999 10:00:00 PM
From: Ruyi	Read Replies (2) of 37507

Source of rumor/runup ??? Merrill, Salomon to place BIIshares Sunday June 20, 9:28 pm Eastern Time Merrill, Salomon to place BIIshares-paper JAKARTA, June 21 (Reuters) - International securities firms Merrill Lynch and Salomon Brothers will soon arrange the placement of Bank Internasional Indonesia (BII) shares worth $1 billion, the Bisnis Indonesia newspaper reported on Monday. The newspaper reported an unnamed source as saying the placement on behalf of investors from Japan and the United States would be done at 300 to 400 rupiah per share. BII shares closed at 200 rupiah on the Jakarta stock market on Friday. The paper reported BII President Director Indra Widjaja as saying there was such a plan, but the parties involved were still in negotiations. BII, Merrill and Salomon were not immediately available for comment.

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