DAVIS MINING REVISES OFFER FOR BECOR <BCW>
Becor Western Inc said
<Davis Mining and Manufacturing Inc> has amended its offer for
the company.
    Becor said the cash portion of the offer remains unchanged
at 10.45 dlrs a share but the principal amount of debentures
would increase to 3.50 dlrs from 3.00 dlrs a Becor share.
    The amended offer also includes 1.50 dlrs face value of the
surviving corporation's 12.5 pct nonvoting cumulative preferred
not included in the previous offer, and reduces the amount of
the surviving corporation's common to be held by present
shareholders to 55 pct from 60 pct.
    Becor Western the amended Davis Mining offer is suject to
confirmation of certain due diligence information.
    Becor also said discussions continue with one other
possible bidder which it still has not been identified.
    Again, the company said it expects discussions with the
other possible investor to conclude shortly. At that time, the
board will evaluate all the then existing offers for Becor, it
added.
 Reuter
