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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: kathyh who wrote (46675)	5/28/1999 9:27:00 AM
From: Tim Luke	Read Replies (3) \| Respond to of 90042

i won't be on much today so stocks to buy are CS..SKYT

To: kathyh who wrote (46675)	5/28/1999 9:28:00 AM
From: Jack Colton	Respond to of 90042

MER Office company Regus eyes one billion stg float LONDON, May 28 (Reuters) - International serviced offices group Regus said on Friday it was looking at floating on the London Stock Exchange later this year, in a move which is expected to value the company at around one billion pounds. "Flotation is a plan to which the company is giving serious consideration," a spokesman said, adding that such a move was clearly conditional on market conditions and that it was too early to comment any further. The comments followed a report in the Financial Times that the company was considering a sell-off of 25 percent of equity this autumn, raising new capital for continued expansion. Last August, a consortium led by Bankers Trust <BT.N> purchased a 17.5 percent stake in Regus for $100 million. Regus said at the time the investment was also seen as a move towards plans for flotation within the next three years. Regus, founded in 1989, provides business centres with secretarial support, video conferencing and IT services. It now has more than 150 business centres in 29 countries and plans to open 100 more during 1998. The FT said the flotation did not comtemplate Regus founder Mark Dixon or other investors selling any part of their stakes. New capital would be invested particularly for expansion in North and South America and Southeast Asia. Merrill Lynch <MER.N> was understood to have been appointed to lead the sell-off and it was expected that Bankers Trust would have a role as well. REUTERS Rtr 08:26 05-28-99