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November 23, 1988


By CBR Staff Writer

And MAI Basic Four Inc has responded by telling Prime that it’s deadly serious about its bid, and committed to completing the $20-a-share tender offer, chairman Bennett LeBow pointing out that his company has already incurred more than $7m in expenses related to the proposed acquisition, adding that MAI’s sole motive in its offer was to acquire Prime – We firmly believe the combined companies will be far more successful than either of us can be alone, he concluded, saying he was prepared to meet Prime at any time.

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