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Microcap & Penny Stocks : Green Oasis Environmental, Inc. (GRNO)
GRNO 0.00Dec 17 4:00 PM EST

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To: Charles A. King who wrote (8785)2/13/1998 11:57:00 PM
From: Charles A. King  Read Replies (1) of 13091
 
Two parallel stories today similar in nature are Laidlaw's offer to take over Safety Kleen and American Eco's offer to take over Dominion Bridge. In both cases, the target companies' managers aced out the hostile offers for their own benefit at the expense of the stockholders of SK and DBCO.

LLE's offer expired today and since the Safety Kleen meeting to vote on the takeover was postponed on Monday, the SK stockholders didn't get to vote. In DBCO's case, its management withdrew from the deal making false statements about American Eco.

It will be interesting to see how the respective stocks do in coming weeks. ISS reported that LLE's offer for SK was superior to PHV's, and DBCO stock was down today.

Both American Eco and Laidlaw Environmental could possibly play a role in GRNO's future some day.

Charles
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