RAYCOMM TRANSWORLD <RACM.O> TO MAKE ACQUISITION
Raycomm Transworld Industries Inc
said it has agreed in principle subject to board approvals to
acquire Spiridellis Consulting Group Inc, a privately-held
computer services consulting firm, for a number of common
shares to be determined based on pretax earnings of Spiridellis
over a five-year period.
    The company said it will gaurantee that almost all of the
issued shares will attain price levels ranging from five to
nine dlrs each for two years after their issuance.
    It said Spiridellis had revenues of 3,500,000 dlrs in
calendar 1986.
 Reuter
