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Strategies & Market Trends : The Thread Formerly Known as No Rest For The Wicked -- Ignore unavailable to you. Want to Upgrade?

To: eileent who wrote (46651)	5/28/1999 8:30:00 AM
From: JakeStraw	Read Replies (1) \| Respond to of 90042

Halter Marine confirms in merger talks GULFPORT, Miss., May 27 (Reuters) - Ship builder Halter Marine Group Inc. confirmed Thursday it is in talks with an oilfield service company about a possible stock-for-stock merger. The company, which in January announced a sweeping restructuring to cut costs, said it cannot assure the talks will lead to a transaction. It also said it cannot guarantee that a deal, if any, would represent a premium over current market prices. The Gulfport, Miss.-based company's stock closed up 1-7/16 at 7-15/16 on the American Stock Exchange ahead of the news Thursday. The company had about 29 million shares outstanding as of May 21. Halter Marine, which also builds offshore drilling rigs and engineered products serving the offshore energy industry, said it will not issue further comment until the talks are completed or are called off.