SERVICE RESOURCES <SRC> OFFERS SORG <SRG> STAKE
Service Resources Corp said its Chas.
P. Young Co subsidiary, which has offered to acquire Sorg Inc
in a friendly merger at 22 dlrs per share, is willing to
explore the possibility that members of the Sorg family and
other Sorg shareholders could continue to hold an equity
position in the combined company.
    The company also said it has received a commitment for up
to 66 mln dlrs in financing from Security Pacific Corp <SPC>
for the merger, the repayment of Sorg's bank debt and working
capital of the combined company.
 Reuter
