	american dynamics amdc to sell pct stake american dynamics corp and meridian reserve inc said they signed a definitive agreement under which meridian will buy mln shares or pct of american dynamics common stock under terms of the agreement santa ana calif based meridian said it will pay columbus based american dynamics one mln dlrs in cash and notes over five years and about shares of its common stock meridian said it has the option to issue an additional shares of its common over the next two years in payment of certain of the notes meridian an oil and gas company whose operations are primarily in oklahoma said the uisition will increase its its consolidated assets to mln dlrs and its contractually committed gas reserves to more than mln dlrs at discounted present value american dynamics is engaged in gas gathering transmission and liquids extraction also in oklahoma the companies said they have five extracting plants and about miles of transmission lines in five adjoining oklahoma counties reuter 
