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Prudential Mulls Bid for Partnerships: Prudential Securities said its board will consider a surprise unsolicited bid by Oklahoman George B. Kaiser to buy a series of oil and gas limited partnership interests directly from Prudential customers. The partnerships are the subject of an intense legal dispute between the firm and lawyers representing some of the 137,000 small investors who bought the partnership interests. Prudential said it will make a recommendation to the partnership investors by April 2.
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