Amadeusz Juskowiak

Diagnostic drs makes a bid for rospatch rpch

Diagnostic Retrieval Systems Inc said it has made an offer to acquire through a wholly owned unit all outstanding shares of Rospatch Corps common stock for 22 dlrs a share cash or about 53 mln dlrs

DRS a warfare systems producer said it would make the transaction through a cash tender offer for all but not less than 51 pct of Rospatchs outstanding common stock followed by a merger with Rospatch a labels high technology and wood producer at the same purchase price per share

DRS said the deal is subject to approval by the Rospatch board and the tender offer expires on March 6 1986

Reuter