MACE (Mace Security International) Message Board

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Microcap & Penny Stocks : MACE (Mace Security International)

MACE 0.0157

-6.5%

Dec 6 4:00 PM EST

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To: Bucky Katt who wrote (118)	3/30/1999 3:18:00 PM
From: J R KARY	Read Replies (1) of 143

MACE's new CEO successfully sold Eastern Environmental to WMI Mr Paolono is financially suited to expand MACE . Waste Mgmt Inc.'s EDGAR shows stock issuance and a $500 mln CASH payment: " On August 16, 1998, the Company (WMI) entered into an agreement and plan of merger to acquire Eastern Environmental Services, Inc. ("Eastern") through a merger transaction ("Eastern Merger"). The agreement provides that on the effective date of the Eastern Merger, the Company will issue 0.6406 of a share of its common stock for each share of Eastern common stock. It is currently estimated that the Company will issue approximately 24,000,000 shares pursuant to the Eastern Merger..." " ... The sales price was comprised of approximately $500 million cash, subject to certain adjustments, plus certain properties of the buyer. The annual revenue for the assets being sold is approximately $275 million, of which approximately $180 million is generated by third parties ..." sec.yahoo.com Mr Paolino obtained 2 times Eastern Environmental's annual revenues plus WMI's NYSE stock transfer . Jim K.

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