Amadeusz Juskowiak

Drexel official has stake in epsilon data epsi

A senior official of Drexel Burnham Lambert Inc and his father told the Securities and Exchange Commission they have acquired 258591 shares of Epsilon Data Management Inc or 94 pct of the total outstanding

Kenneth Thomas senior vice presidentinvestments at Drexels Los Angeles office and his father retired university professor CA Thomas said they bought the stake for 21 mln dlrs primarily for investment purposes

They said they may buy more stock or sell some or all of their stake depending on market conditions but have no plans to seek control of the company

Reuter