NICOR, Inc. To Acquire National Marine Service

C.J. Gauthier, chairman and president of NICOR, Inc., and D.A. Wright, chairman and president of National Marine Service, Incorporated, have announced an a g r e e m e n t in principle under which NICOR would acquire National Marine for 580,000 shares of NICOR's common stock. National Marine would be operated by its present personnel as a NICOR subsidiary.

The transaction is subject to the signing of a definitive agreement and the approval of the shareholders of National Marine.

NICOR, through its subsidiaries, is engaged in the exploration and development of gas and oil properties, contract drilling for oil and gas producers, the acquisition of coal reserves, the purchase, manufacture, storage, distribution and sale of natural gas and other areas of energyrelated activities. Its primary subsidiary is Northern Illinois Gas Company.

National Marine is engaged primarily in the transportation of petroleum and chemical products along the Gulf Coast and inland waterways of the U.S. It also maintains facilities for the repair and cleaning of vessels.

Mr. Gauthier said the merger would permit further expansion of the National Marine operations, and would provide NICOR with a viable extension of its energy activities.

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