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November 30, 1988


By CBR Staff Writer

And in response to Prime’s rejection of its bid, MAI Basic Four said that it was extremely disappointed at the rejection of its fair and fully priced offer and that it is quite surprising that the Prime board, chaired by Mr David Dunn, a self-avowed advocate of shareholders rights and opponent of management entrenchment devices such as poison pills and golden parachutes, would choose to stonewall the MAI Basic Four offer with such devices, rather than allow Prime shareholders an opportunity to participate in our offer, adding that it continues to pursue vigorously its quest for Prime.

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