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April 28, 1988

TWO MAJOR MAI BASIC FOUR SHAREHOLDERS WANT TO SELL OUT

By CBR Staff Writer

Looks like the short-lived calm at MAI Basic Four Inc after it was dismembered by Asher Edelman will be short-lived: the Tustin, California company says that Bennett LeBow – now with much bigger fish to fry at Western Union Corp – and William Weksel, who together control 60% of the shares, want to sell out: they have asked the company to develop a programme to accomplish the sale in the best interests of company and all shareholders: the news was good for a $3.875 leap in the share price to $19.

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