BECOR WESTERN <BCW> TALKS TO FOURTH BIDDER
Becor Western Inc said it
is talking with a possible fourth bidder for the company.
    The company also said Lynch Corp <LGL> has renewed its
offer for Becor which was withdrawn last week.
    Talks with the possible bidder are expected to be concluded
shortly, Becor said, adding its board will evaluate all then
existing offers at that time.
    In the meantime, the company said, it plans today to
adjourn further its meeting of stockholders to June 30. That
meeting was called to act on a merger agreement calling for a
buyout by BCW Acquisitions Inc.
    The third identified Becor suitor is <Davis Mining and
Manufacturing Inc>.
    In Fairfield, N.J., Lynch said its latest proposal calls
Lynch to own 75 pct of Becor's stock and Becor holders to
retain the other 25 pct.
    Peviously, Lynch would have held about 25 pct, with Becor
holders receiving 25 pct and Becor management about half.
    Lynch said the proposal was changed because it believes
Becor's management "needs more guidance in terms of financial
structuring.
 Reuter
