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To: craigt who wrote (2084)	9/1/1998 11:08:00 AM
From: craigt	Read Replies (2) \| Respond to of 5908

Went back and reread the offer statement (again). I guess there may be no need for a CMI extension; the deadline may have already been met. ''The offer is on an all or none basis and we expect that acceptance by the board of directors would indicate a reasonable assurance that more than 80% of the capital stock would accept our tendered offer. This offer shall remain valid for three weeks, until 5:00 p.m. Montreal time, Tuesday, the 1st of September 1998.'' I guess that what is occurring is what is stated above; the board accepted and now we'll see if the 80% number is reached in vote. Any other interpretations of this? craigt