DATRON <DATR> AGREES TO BUYOUT BY OFFICERS
Datron Corp said it agreed to
merge with GGFH Inc, a Florida-based company formed by the four
top officers of the company.
    According to terms of the proposed transaction, each share
of Datron common stock, excluding those shares owned by the
four officers, will be bought for six dlrs a share, it said.
    Datron's officers hold about 73 pct of the total 896,000
Datron common shares outstanding.
    Upon completion of the proposed transaction, the officers
of Datron would own 100 pct of the company. The merger is
subject to GGHF's receiving financing for the plan, Datron
said.
    Shareholders of Datron will be asked to approve the plan at
their annual meeting to be held in June or July, and the merger
is expected to be completed by July 31, it said.
 Reuter
