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Strategies & Market Trends : WR's Momentum Trades -- Ignore unavailable to you. Want to Upgrade?

To: Wayne Rumball who wrote (465)	10/31/1998 11:08:00 AM
From: ColleenB	Read Replies (1) \| Respond to of 11130

Something very strange about PRG.... Monday October 26, 11:16 am Eastern Time Offer for Physicians Resource Group terminated DALLAS, Oct 26 (Reuters) - Physicians Resource Group Inc. (NYSE:PRG - news) said Monday it has terminated the letter of intent with its largest shareholder regarding a possible tender offer for the company's stock. The provider of management services to eye doctor practices Friday extended the letter of intent to Monday. Physicians Resource entered into the letter of intent on July 25 with David Meyer. The original letter proposed that a group led by Meyer would buy 10 million shares for $5 each. Since that time the shares have continued to fall, trading at a new 52 week low of 1/2 Monday morning, down 1/4 from Friday's close. Its 52 week high was 10-11/16. THEN....just 5 days later.... Oct. 30 /PRNewswire Dr. Meyer has been engaged in discussions with the Company regarding a possible acquisition of the Company or restructuring of the Company's operations What happened to the first deal???...Maybe they renegotiated????..instead of being interested in 10M shares, they want the company...how many O/S????...needs further analysis...but looks great!!!