Amadeusz Juskowiak

Rospatch rpch to respond to diagnostic drs

Rospatch Corp said it will have a news release later in response to todays acquisition bid by Diagnostic Retrieval Systems Inc for 22 dlrs a share

Rospatch earlier requested its stock be halted in over the counter trading last trade 2418

Diagnostic said its bid was for a total 53 mln dlrs through a cash tender offer for all but not less than 51 pct of Rosptach outstanding common

For its fourthquarter ended December 31 1986 Rospatch reported net loss 2649000 or 110 dlrs a share compared a loss of 627500 or 35 cts profit for the 1985 period

In December the Brookehill Group in New York said it had 97 pct stake JA Parini Rospatch chief executive responded on January eight by saying the investment was a vote in confidence in the company

Reuter