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Microcap & Penny Stocks : Dominion Bridge Corp. (DBCO) -- Ignore unavailable to you. Want to Upgrade?

To: Baoho Chang who wrote (392)	1/23/1998 3:21:00 PM
From: Baoho Chang	Read Replies (1) \| Respond to of 535

Headline: Dominion Bridge Corporation Receives Acquisition Proposals ====================================================================== MONTREAL, Canada--(BUSINESS WIRE)--Jan. 23, 1998-- Board Forms Negotiating Committee Dominion Bridge Corporation (NASDAQ/NMS: DBCO; VSE: DMO.U) announced today that, at a meeting of its board of directors held yesterday, it received two proposals for a business combination with the company. The board of directors has formed a Negotiating Committee comprising three directors and a representative from the company's investment banker, Legg Mason Wood Walker. The committee is mandated to negotiate with the two potential acquirers to enhance the net value of the proposed transactions to the shareholders of the company. The objective of the committee, in cooperation with Legg Mason, is to present to the board of directors for its consideration, a definitive proposal as soon as reasonably possible. The board of directors also approved a private placement of 6,153,840 units at a price of US $2.60 per unit. Each unit consists of one common share and one-tenth of a share purchase warrant. Each whole warrant is exercisable for a three-year period at a price of US $3.00 per share. The company believes that the additional equity will put it on a better footing to negotiate a value-added transaction with potential acquirers. The private placement does not prohibit a business combination. Both companies that made proposals have been made aware of the private placement and have decided to proceed with their negotiations with the company. The equity investor, Sanda Investment Group ("Sanda") of Sweden, is an industrial group with diverse interests in Europe and has expressed its interest to assist the company in gaining a presence in European markets. The private placement is subject to regulatory approval. Dominion Bridge was established in 1879. The company is active in the international engineering and infrastructure markets. It manages projects and operates facilities in North and South America, Europe and the Asia Pacific. Dominion Bridge Corporation's subsidiaries are Dominion Bridge, Inc., Steen Becker, Inc. and Davie Industries. Its Australian subsidiary, McConnell Dowell Corporation, is a major Asia Pacific engineering firm. 1998 This news release is neither approved nor disapproved by the Vancouver Stock Exchange. CONTACT: L. B. Stauffer, Sr. VP John Chuhran, Media Consultant Porter, LeVay & Rose, Inc. (212) 564-4700 or Company Contact: Francois Morin (514) 634-3550 KEYWORD: NEW YORK INDUSTRY KEYWORD: BUILDING/CONSTRUCTION Today's News On The Net - Business Wire's full file on the Internet with Hyperlinks to your home page. URL: businesswire.com Copyright 1998, Business Wire

To: Baoho Chang who wrote (392)	1/25/1998 3:39:00 PM
From: david james	Read Replies (1) \| Respond to of 535

Baoho, Before DBCO was discussed, Eco had stated that they were looking at 200-300 mill in possible acquisitions. In November, Eco announced receiving a credit line $75 mill with a number of major firms, including Banker's Trust. The credit line was oversubscribed (banks willing to loan them more money than they needed). biz.yahoo.com Also from their last 10q, they suggest that a much more extensive line of credit is available. At August 31, 1997, the Company and its operating subsidiaries had an aggregate of $12.0 million in lines of credit, of which $10.0 million remained available to the Company and its subsidiaries, and which are under the Bank Facility. The Bank Facility provides that if the Company issues senior subordinated notes in an aggregate principal amount of not less than $100 million prior to March 31, 1998 and the proceeds thereof are used to repay the term loan under the Bank Facility, the Bank will (i) increase the revolving credit facility to $25 million and (ii) provide the Company with a $50 million acquisition facility. McGinnis has a five year track record of acquiring companies that are sometimes in trouble and making them profitable quickly. MM Industra had closed down when they were acquired for about $10 mill in 1996. In 1998, with Besim Halef in charge, we are expecting revenues from MM Industra in the vacinity of $50 mill with operating margins of approximately 30% ($15 mill in earnings). McGinnis takes a no nonsense approach to running his company. He's a son and grandson of Chicago cops and you can be sure there that if they buy Dominion Bridge, there won't be any private limos, jets or other fluff. Eco has other possible acquisition candidates, and although DBCO could fit into the Eco fold nicely, I won't be at all surprised of Eco just walks away from the table if DBCO management tries too many games. David