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Gold/Mining/Energy : mxp (mesa Inc)
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To: Ron Schipper who wrote (243)4/8/1997 11:36:00 PM
From: Bagladdy   of 394
 
Ron,

My local newspaper had the following to say about the proposed merger.
This is a paraphrase.

1) Rainwater will be largest shareholder
2) Transaction is technically a merger; however it is viewed as the purchase of PDP by MXP for equivalent of $40.25 per share
3) $40.25 is a 38% premium over last Friday's close
4) Rosario Ilacqua, an analyst for Rothschild likes it and says it will lead to bigger and better things
5) Rainwater believes we are entering a period of "strong growth, driven by surging global energy demand".
6) Bob Gillon, an analyst for John S. Herold, Inc. said "Everything we know about the three key people in the -Rainwater, Brumley and Sheffield-they're not going to stop here".

Regard,

Charles
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