February 19, 1993
Aster Development Enterprises Ltd. said it has signed a letter of intent to acquire P.A.N. Environmental Services, a holding company for several hazardous-waste cleanup and disposal firms. Aster, a Laguna Beach mergers and acquisitions company, would take the P.A.N. name if the acquisition is completed. Aster would issue 5 million shares of its common stock to acquire the company. Its shares have been valued between 75 cents and $1.375 apiece. P.A.N.