Adding a little more spice to its controversial allegations regarding Drexel Burnham Lambert’s true relationship with MAI Basic Four Inc in the latter’s bid for Prime (CI No 1,066), says that last June, Drexel approached Prime and provided information about MAI, in the hope that Prime might be interested in acquiring MAI shares held by Bennett LeBow and William Weksel, who together have 43% of MAI’s shares and are understood to control an additional 14% or so of the stock through various family trusts.
DREXEL BURNHAM LAMBERT’S RELATIONSHIP WITH MAI BASIC FOUR
