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Gold/Mining/Energy : Strictly: Drilling and oil-field services -- Ignore unavailable to you. Want to Upgrade?

To: Flan who wrote (24179)	6/15/1998 7:57:00 PM
From: cherrypitter	Read Replies (1) \| Respond to of 95453

Risking redundancy, thought the following might be of interest: June 15, 1998 Key Energy May Seek To Merge With Dawson Production Dow Jones Newswires WASHINGTON -- Key Energy Group Inc. (KEG) said it may seek to merge with Dawson Production Services Inc. (DPSI). In a filing Monday with the Securities and Exchange Commission, the group said it has a 7.4% investment stake in Dawson. Depending upon market conditions, Key Energy said, it may seek various courses of action, including buying more shares of the company's stock or selling all or some of its stake. It may also seek a merger. The group said it holds 820,500 common shares purchased between May 11 and June 5 at prices ranging from $10.13 to $12.88 per share. Mike Little, chairman of Dawson Production Services Inc. (DPSI), and Mark Stark, the company's chief financial officer, said that Dawson and Key Energy Group Inc. (KEG) have spoken in the past about merging the companies. Both Little and Stark said that they feel the company's shares are undervalued and believe that Key Energy also thinks that the company's shares are undervalued. Rich