Strictly: Drilling and oil-field services Message Board

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Gold/Mining/Energy : Strictly: Drilling and oil-field services

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To: TulipMania who wrote (23750)	6/10/1998 9:57:00 AM
From: ldo79	Read Replies (1) of 95453

To all: Stolt Comex Seaway and Ceanic Announce Stolt's Proposed Acquisition of Ceanic for $20 Per Share Cash HOUSTON--(BUSINESS WIRE)--June 10, 1998--Stolt Comex Seaway S.A. (NASDAQ:SCSWF - news; OSE:SCS) and Ceanic Corporation (NASDAQ:DIVE - news) today jointly announced the signing of a letter of intent, for Stolt Comex Seaway to acquire all of the outstanding common stock of Ceanic for about $222 million or $20 per share cash. The $20 per share price reflects a premium of approximately twenty-nine percent over the closing price of Ceanic's common stock on June 8, 1998.

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