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Microcap & Penny Stocks : American International Industries Inc. OTC BB Symbol EDII -- Ignore unavailable to you. Want to Upgrade?


To: ColleenB who wrote (4538)1/15/1999 9:41:00 AM
From: Needticker  Read Replies (1) | Respond to of 4814
 
"POSSIBLE MERGER, ACQUISITION" Old News? Maybe, but worth another a look. I also like the fact that Reuters was used.

KEMAH, Texas, Jan 12 (Reuters) - Holding company American International Industries Inc. on Tuesday said it is in discussions with Hertz Technology Group Inc. on a possible merger, acquisition, or other business arrangement.

American International has bought a 9.7 percent stake in Hertz, which makes ergonomic office furniture and custom-designed personal computers.

Hertz shares were bought in the open market, it said.

No business arrangements have been reached as yet, American International said in its statement.

Herz shares fell 1/16 to 3-1/16. American International was unchanged at $0.28.

American International officials were not immediately available for further comment. No contact could be made with Hertz.

16:05 01-12-99

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