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AMRESCO/J.E. ROBERT COS. MERGER TALKS TERMINATED

 DALLAS, Aug. 2 /PRNewswire/ -- Merger discussions between AMRESCO and the J.E. Robert Companies have been terminated after negotiations reached an impasse on Friday.
 Joseph E. Robert Jr., chairman and CEO of the J.E. Robert Companies, and Dick Cravey, AMRESCO's chairman, jointly made the announcement Monday morning. They emphasized that the decision was an amicable one, and that the two companies look forward to renewed competition in the marketplace.
 Both AMRESCO and J.E. Robert are asset management firms doing business nationwide with government agencies and private companies.
 -0- 8/2/93
 /CONTACT: Joseph E. Robert, 703-739-4424, Richard L. Cravey, 404-816-3255, or Patricia Dillingham, 214-953-7709, all of AMRESCO/


CO: AMRESCO; J.E. Robert Companies ST: Texas IN: FIN SU: TNM

TS -- NY065 -- 8357 08/02/93 12:08 EDT
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Publication:PR Newswire
Date:Aug 2, 1993
Words:130
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