WARBURG PINCUS DECLINES TO UP SYMBION <SYMB> BID
Warburg, Pincus Capital Co L.P., an
investment partnership, said it told representatives of Symbion
Inc it would not increase the 3.50-dlr-per-share cash price it
has offered for the company.
    In a filing with the Securities and Exchange Commission,
Warburg Pincus said one of its top executives, Rodman Moorhead,
who is also a Symbion director, met April 1 with Symbion's
financial advisor, L.F. Rothschild, Unterberg, Towbin Inc.
    In a discussion of the offer, Warburg Pincus said Moorhead
told the meeting there are no plans to raise the 3.50 dlr bid.
    Moorhead told the Rothschild officials that Warburg Pincus
considers the offered price to be a fair one, Warburg Pincus
said.
    Last Month Warburg Pincus launched a tender offer to buy up
to 2.5 mln Symbion common shares.
 Reuter
