REPH ACQUISITION TO NEGOTIATE PESCH MERGER BID
REPH Acquisition Co said its board
appointed a special committee to negotiate the terms of an
offer made earlier today by <Pesch and Co> to merge with its
Republic Health Corp <REPH> unit.
    Pesch, through its Alpha Health Systems Corp unit, offered
to acquire the 36 pct of Republic Health stock that it does not
already own.
    Terms of Pesch's offer have not been disclosed.
   
 Reuter
