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Gold/Mining/Energy : Avenor (avr-tse) - Repap buyout (rpp-tse)
AVR 3.830-4.5%12:20 PM EST

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To: Phoenix who wrote (25)1/16/1997 11:01:00 PM
From: eyewatch   of 290
 
Phoenix, did a little checking on number of shares traded since deal started (29 days).
Repap 26,137,410 T,M 16,913,699 nas = 21.2% + 13.7% = 35%.
35% of outsanding changed to new owners (maybe).
Avenor 26,137,410 T,M = 33.9% outstanding changed to new owners (maybe).
If the buyers are yes votes then deal should go asumeing the sellers were no votes. What do you think.
John
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