IEP reaches agreement
Industrial Equity (Pacific) said it reached an option agreement with Mr Maurice Bayon to acquire the 473,638 shares of Petroleum Helicopters Inc’s common stock outstanding he holds. lEP said it can exercise its option from March 30 to June 30, 1990, or earlier if Bayon dies. The aggregate purchase price for the shares would be 5U57.92 million (SNZI3.4M), it said. lEP has a 5.02 per cent stake or 196,200 shares of Petroleum Helicopters' common stock outstanding.
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Press, 19 December 1989, Page 26
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79IEP reaches agreement Press, 19 December 1989, Page 26
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