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To: Charles A. King who wrote (8383)	1/5/1998 10:49:00 PM
From: Charles A. King	Read Replies (1) \| Respond to of 13091

LLE has set a cap on the amount it will pay for "breakup fees" associated with SK's acceptance of PHV's takeover offer. LLE said in the interests of clarity it has adjusted the terms of the cash portion of its proposed offer to acquire all of the outstanding shares of first announced November 20, 1997. Whereas the November 20th offer provided for the deduction of all ''break-up'' fees and other severance payments agreed to by Safety-Kleen in their November 20, 1997 merger agreement with Philip Services Corp. LLE now proposes to only reduce the cash portion of its offer by a maximum of $75 million, being the ''break-up'' fee and expenses the Board of Safety-Kleen agreed to pay Philip and its partners, and now being contested in the courts. Read the whole thing at newsalert.com The shareholders of Safety-Kleen can now evaluate the LLE offer for their shares as representing a value between $28.83 and $30.00, dependent on the court's decision on the amount, if any, of fees to be paid to Philip and its partners. The story is at quicken.com Safety Kllen has revised its proxy. Its statement can be read at quicken.com Charles