The 56 Point TA; Charts With an Attitude Message Board

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Strategies & Market Trends : The 56 Point TA; Charts With an Attitude

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To: Doug R who wrote (8663)	12/3/1997 10:56:00 AM
From: James Strauss	Read Replies (1) of 79315

ABTE Gets Buyout Offer.... Doug: Look at this!!!! ......................... Wednesday December 3, 10:25 am Eastern Time Able gets acquisition offer from Applied WEST PALM BEACH, Fla., Dec 3 (Reuters) - Able Telcom Holding Corp, a communications company, said Wednesday it received an unsolicited offer from Applied Cellular Technology Inc (Nasdaq:ACTC - news) to acquire 100 percent of the fully diluted and outstanding shares of ABTE. The proposed purchase price of Able Telcom stock is $12.00 per share, payable in shares of ACTC Class ''A'' Common Stock, the company said in a release. ''The unsolicited offer was received with no advance notice and is under review by Able's Board of Directors and financial advisors,'' Gerry Hall, chief executive officer and president of Able said in the release. Hall said it would be premature to make any other comments. Company officials were not immediately available to comment further. Jim

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