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Technology Stocks : ATPX: Lunn Industries and Technical Products Group merge. -- Ignore unavailable to you. Want to Upgrade?

To: BigLouie who wrote (1842)	4/28/1999 5:13:00 PM
From: DRL	Respond to of 1923

ATP Enters Into Memorandum of Understanding Regarding Sale of Company ATLANTA, April 28 /PRNewswire/ -- Advanced Technical Products, Inc. (Nasdaq: ATPX - news) announced today that it has entered into a Memorandum of Understanding with a third party financial buyer regarding the sale of the company. The Memorandum provides that the stockholders of ATP would receive in cash $14.00 per share, plus a contingent amount of up to an additional $3.00 per share depending upon earnings achieved by ATP in 1999. The transaction is subject to, among other things, satisfactory completion of due diligence by the purchaser, execution and delivery of a definitive agreement and certain regulatory, third party and stockholder approval. Advanced Technical Products designs, develops and manufactures advanced composite based materials and products from continuous high strength fibers which optimize structural performance while minimizing the components' weight. The Company is one of very few with the ability to utilize multiple processes, such as autoclave lamination, filament winding, resin transfer molding and metal bonding. Using these processes, the Company manufactures products for the aerospace and defense markets as well as for commercial applications including oil and gas tubulars and pressure vessels for Natural Gas Vehicles. This press release includes forward-looking statements regarding the present intentions and expectations of management of ATP. Certain factors beyond ATP's control could cause ATP's results to differ materially from those in these forward-looking statements. Among these risk factors are the possibility that the sale of Advanced Technical Products may not close due to the failure to satisfy certain conditions including the satisfactory completion of due diligence by the purchaser, execution and delivery of a definitive agreement and certain regulatory, third party and stockholder approval. Other risk factors include general market conditions, dependence on the aerospace and defense industries, the level of military expenditures and competition in the markets for ATP's products, are more fully described in ATP's Form 10-K and other documents filed with the Securities and Exchange Commission. SOURCE: Advanced Technical Products, Inc. More Quotes and News: Advanced Technical Products Inc (Nasdaq:ATPX - news) Related News Categories: aerospace/defense

To: BigLouie who wrote (1842)	4/28/1999 5:24:00 PM
From: Kurt T.	Read Replies (3) \| Respond to of 1923

Sergio, Hey Buddy! Where are you? Buyout at $14! What do you think? I'm from way back on the 56er with Doug R etc.. you know, the old LUNN days. I got in at $15.31 (translated LUNN cost), so what do I think about this buyout? You know, I owned NMBS (Nimbus) that made DVD. Right when the DVD market was starting to take off, we got bought out but no premium really at all. I didn't make a nickel, and I didn't overpay to begin with either. Somehow, these buy-outs aren't working for me too well. I paid $1.53 for LUNN, but that wasn't that bad. What gives? Kurt T.