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Non-Tech : Lunn Industries (LUNN)

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To: Sergio H who wrote (1000)9/27/1997 7:01:00 PM
From: Carole   of 1436
 
TPG LUVS LUNN ( more from the filing )

TPG Reasons for the Merger. In its consideration of the Merger,
the TPG Board of Directors consulted with TPG's management as well as its
financial and legal advisors. The TPG Board of Directors considered a number of
factors, including, without limitation: (i) the expectation that the operations
of Lunn would provide a complementary fit to the operations of TPG, (ii) the
business prospects of Lunn and (iii) the current public trading market for the
Lunn Common Stock. The TPG Board of Directors also considered a number of other
factors, including the following:

- The Combined Company would be able to more effectively
compete in the commercial aircraft expansion currently
underway, which will allow it to derive a lower percentage of
revenues attributable to the United States government and its
agencies;

- The metal bonded panels and composite products business of
Lunn would allow the Combined Company to manufacture most
exterior aircraft components;

- The aluminum honeycomb material that Lunn produces is
currently purchased by TPG from third party vendors;

- The Combined Company would have access to a larger customer
base in which to sell its products;

- The Combined Company would be better able to penetrate select
commercial markets; and

- The Combined Company would be in a better position to
increase its marketing efforts to international customers.

C
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