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Non-Tech : Quick & Reilly (BQR)

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To: Chi-X who wrote (1)	8/12/1997 11:52:00 AM
From: Chi-X	of 26

REUTERS: Quick BQR.N shrs up on reports of possible =2 The Wall Street Journal reported Tuesday that the Palm Beach, Fla. based Quick, had retained investment banks Gleacher Natwest and Goldman Sachs to explore the sale of the company. In a prepared statement, Quick said it does not usually comment on mergers-and-acquisition speculation, but said, "We feel we are strategically positioned for growth. We have the right strategy in place to continue to build upon one of the brokerage industry's most outstanding performance records. We are committed to continuing to build shareholder value, and see many opportunities to do so on our own." Quick BQR.N shrs up on reports of possible =3 Citing unnamed sources, the Wall Street Journal reported that at least one potential acquiror had been contacted regarding a possible offer for Quick. In another news report, First Union Corp FTU.N and Barnett Banks Inc BBI.N were identified as likely bidders. "We're not going to be able to comment on that. It's a longstanding policy," a First Union spokesman said. A Barnett spokeswoman said, "Our policy is that we never comment on rumors or speculation about potential aquisitions." First Union shares were up 5/8 to 48-1/8 and Barnett shares were unchanged at 54-5/16.

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