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BRIEFLY

September 29, 1987

Top officers of Charter Medical Corp. of Macon, Ga., proposed a leveraged buyout of the hospital company. The bidding group, led by Chairman and Chief Executive William A. Fickling Jr., offered to buy, for $40 per share, all shares of Class A and Class B common stock not already owned by them. Fickling and his family own about 29% of the company's 31 million shares of common stock.

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