Braemar isdue to announce its annual results on Tuesday. There is speculation that anannouncement could be made at this time.

No seniorexecutive from either company was available to confirm or deny the reports.

Braemarchief executive James Kidwell was in a board meeting Monday and did not respondto requests for comment.

ACMchairman Johnny Plumbe and chief executive James Gandy were also said to be ina meeting.

Seniorshipbrokers