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Strategies & Market Trends : Joe Copia's daytrades/investments and thoughts
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To: Joe Copia who wrote (19842)9/17/1999 2:39:00 PM
From: Wayne Rumball  Read Replies (1) of 25711
 
And here I thought it was going to be a quiet day

REIC buyout $1.80/share

NAPLES, Fla., Sep 17, 1999 (BUSINESS WIRE) -- The board of directors
of REII Incorporated (OTC BB:REIC) is presently considering an offer of
$8 million for the company which equals about $1.80 per share for all
the outstanding shares of the company.

REII Incorporated (Formerly BAP Acquisition Corp.) has 20,000,000
shares authorized with 4,655,000 shares outstanding. REII Incorporated
is the parent company of Ricketts Enterprises International Inc.

The offer includes all outstanding shares of the company as well as all
outstanding debts and agreements, which includes options on 18 income
properties, as well as the first refusal of a software company.

The board of directors do not require the approval of the shareholders
to accept this offer, however the board of directors have passed a
resolution that all shareholders will be notified before a final
acceptance.

This offer expires Sept. 25, 1999.
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