HADSON <HADS> TO ACQUIRE 85 PCT OF SEAXE <SEAX>
Hadson Corp said it has signed a
definitive agreement to acquire 85 pct of the outstanding
common stock of Seaxe Energy Corp.
    The company said it will buy the 85 pct interest in Seaxe
from shareholders owning restricted or controlled shares for
less than 200,000 Hadson common shares.
    It said closing is subject to the approval of title
assignments by the French government.  Seaxe is involved in oil
and natural gas exploration and development in the Paris Basin
of France.
 Reuter
