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BRIEFLY

Anderson, Clayton may talk with Bear, Stearns.

June 05, 1986

The Houston company said it would discuss the $54-a-share offer from Bear, Stearns & Co. and Gruss & Co. if the two New York investment firms dropped their opposition to the company's $45-a-share recapitalization plan and also stopped buying Anderson, Clayton stock. Bear, Stearns-Gruss said it would only agree to halt its stock purchases. The investment firms sued Anderson, Clayton in Delaware Chancery Court claiming that it isn't bargaining in good faith.

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