LOMAK <LOMK>, STRATA <STRATA> IN MERGER PACT
Lomak Petroleum Inc and Strata
Corp, based in Columbus, Ohio, jointly said they entered into a
merger agreement for Strata to become a wholly owned subsidiary
of Lomak.
    Under the merger's terms, Strata shareholders will receive
5.7 cts per share of Strata common and warrants to buy about
.06 shares of Lomak common at 37.5 cts per share on or before
December 31, 1990, for each Strata common share.
    The merger is subject to approval by the companies' boards
and shareholders and agreement of certain Strata creditors,
among other things, said the companies.
 Reuter
