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Gold/Mining/Energy : Avenor (avr-tse) - Repap buyout (rpp-tse)
AVR 3.800-5.2%10:40 AM EST
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To: TFF who wrote (18)1/15/1997 4:59:00 PM
From: wesley vandenhazel   of 290
 
Irby:
Have you or anyone else contacted Repap management on what they plan to do should the takeover by Avenor fail? The market assumes the deal is off but can't Repap run on its own. The selloff in the market looks more like a company going broke. At these prices, you would think other companies would come in to try scoop it up. The price before the offer was over $5.00. Surely there is some value here.

Wes
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