ATPX: Lunn Industries and Technical Products Group merge. Message Board

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Technology Stocks : ATPX: Lunn Industries and Technical Products Group merge.

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To: Amigo Mike who wrote (475)	11/3/1997 7:08:00 PM
From: Will Williams	of 1923

PR Out-- ATLANTA, Nov 3 (Reuters) - Lunn Industries and TPG Holdings Inc said Monday the two companies are now known as Advanced Technical Products Inc, following the completion of their merger. Advanced Technical Products common stock will be traded on a post-merger basis, starting with the first trade on November 4, 1997, the companies said in a joint statement. As a result of the merger, which closed Friday, each share of Lunn common stock has been converted into the right to receive 0.1 shares of common stock of Advanced Technical. Each share of TPG common stock was converted into the right to receive around 8.3 shares of the common stock of Advanced Technical. Before the merger, there were 14.6 million shares of Lunn common stock outstanding on a fully diluted basis. After the merger, there were 5.5 million shares of Advanced Technical common stock on a fully diluted basis, the companies said. Advanced Technical manufactures a variety of advanced composite-based products used in the aerospace, defense and commercial industries. REUTERS 18:51 11-03-97

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