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To: TheMajor who wrote (2092)3/13/2000 8:28:00 PM
From: Ward Nicholson  Respond to of 2259
 
LDM:

I could not imagine this getting any worse.

Nothing would surprise me anymore. <ng>
$2.9B Cdn up in smoke. UFB.

At what price LDM opens, I have no idea. Maybe
a lot of this news has been factored in already.
One can only hope...

WN



To: TheMajor who wrote (2092)3/13/2000 8:33:00 PM
From: Ward Nicholson  Read Replies (2) | Respond to of 2259
 
LDM: Damage control...

Laidlaw Inc - News Release

Laidlaw responds to Safety-Kleen announcement

Laidlaw Inc LDM
Shares issued 330,209,655 Mar 13 close $2.89
Mon 13 Mar 2000 News Release
Mr. T.A.G. Watson reports
Laidlaw (NYSE:LDW) is urging Safety-Kleen Corp. (NYSE:SK), in which it has
a 44-per-cent common share interest, to quickly complete the internal
investigation of its accounting procedures in order to provide
quantification of any discrepancies that may be found and to alleviate the
uncertainty surrounding the company.
Laidlaw will consider all information as it becomes available in
determining the appropriate carrying value of its investment in
Safety-Kleen and intends to take all available steps to protect the value
of its investment.
It is important to note that Safety-Kleen has not, in the last three years,
contributed any cash flow to Laidlaw. Laidlaw is North America's largest
provider of school and intercity bus transportation, municipal transit,
patient transportation and emergency department management services.
(c) Copyright 2000 Canjex Publishing Ltd. canada-stockwatch.com