American Eco (ECGOF, ECX on Toronto exchange) Message Board

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Gold/Mining/Energy : American Eco (ECGOF, ECX on Toronto exchange)

ECX 1.755

-2.5%

10:32 AM EST

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To: david james who wrote (2216)	3/23/1998 6:36:00 PM
From: Raymond James Norris	Read Replies (1) of 2841

News: 3/23/98 - Dominion Bridge, American Eco End Negotiations On Potential Loan and Acquisition Transaction MONTREAL (March 23) BUSINESS WIRE -March 23, 1998--Dominion Bridge Corporation (NASDAQ/NMS:DBCO;VSE:DMO.U) announced today that the Company and American Eco Corporation have agreed to end negotiations regarding a potential loan and acquisition transaction, as a result of American Eco's confirmation of its inability to consummate the transaction due to its complexity. Dominion Bridge concurrently announced that it will now proceed with the completion of a previously-announced private placement with a strategic investor. Dominion Bridge was established in 1879. The company is active in the international engineering and infrastructure markets. It manages projects and operates facilities in North and South America, Europe and the Asia Pacific. Dominion Bridge Corporation's subsidiaries are Dominion Bridge, Inc., Steen Becker, Inc. and Davie Industries. Its Australian subsidiary, McConnell Dowell Corporation, is a major Asia Pacific engineering firm. -0- jc/ny* CONTACT: Dominion Bridge Corporation Francois Morin (514) 289-8688 OR L. B. Stauffer Porter, Le Vay & Rose, Inc. (212) 564-4700 KEYWORD: NEW YORK INDUSTRY KEYWORD: ENERGY BUILDING/CONSTRUCTION MERGERS/ACQ Today's News On The Net - Business Wire's full file on the Internet with Hyperlinks to your home page. URL: businesswire.com

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