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Gold/Mining/Energy : Peerless Carpet Corp -- Ignore unavailable to you. Want to Upgrade?

To: Luc N. who wrote (81)	10/23/1998 3:38:00 PM
From: BradC	Read Replies (1) \| Respond to of 85

PRG selling off today $2.80 -.15 (15:23pm) Any news on the offer? Peerless Carpet Chief Executive Officer, Jeff Casselman, said a formal offer is expected to be made to shareholders no later than October 23, 1998 and will be subject to the valid deposit of not less than 90 percent of the common shares of Peerless. "Our Board of Directors has analyzed this offer and our current situation very closely. Based on advice from our financial advisors and other considerations, the Board of Directors has determined that the offer is fair from a financial point of view, and is in the best interests of all Peerless shareholders."