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Gold/Mining/Energy : Avenor (avr-tse) - Repap buyout (rpp-tse)
AVR 4.140-1.7%11:40 AM EST

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To: Dale who wrote (104)3/2/1997 5:15:00 PM
From: eyewatch   of 290
 
Repap and Avenor win by a nose. If no deal Repap walks away and sells off what Avenor wanted them to do. There is nothing stopping Repap from moving on. Avenor C.E.O.(second time around for him to make a deal) going to look real bad, he may have to leave if no deal. Remember Repap has there Financing in place and long before this deal came up.
I don't think Pet would try to make a deal if he didn't thing it would go through.
What do you think (in deep too).
John
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