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DLG FINANCIAL CORPORATION ANNOUNCES

 HOUSTON, Nov. 18 /PRNewswire/ -- DLG Financial Corporation today announced that it has offered to the management of Maxum Health Corporation (AMEX: MXH) to purchase the company from its stockholders for a price of $1.2 million. DLG stated that due to the continuing deterioration of the company and that on Nov. 16, 1993, the stock traded at 3/16, this was its last offer to purchase the company.
 At the stockholders meeting on Oct. 27, 1993 prior to its third quarter results, DLG had made an offer to purchase the stock of Maxum for $1.00 per share or approximately $2.4 million. DLG stated that with the continuing deterioration of the company and a net loss of $1.1 million in the third quarter, the stock value was no longer worth $1.00 per share and had deteriorated to approximately $0.50 per share. DLG stated that the offer to purchase was valid until Nov. 28, 1993. The shareholders and any interested party can contact DLG Financial Corporation directly at 713-363-1762.
 -0- 11/18/93
 /CONTACT: Daniel De La Garza of DLG Financial Corporation, 713-363-1762/
 (MXH)


CO: DLG Financial Corporation; Maxum Health Corporation ST: Texas IN: SU: TNM

CK -- NY083 -- 6111 11/18/93 14:23 EST
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Publication:PR Newswire
Date:Nov 18, 1993
Words:208
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