	industrial equity to make proposal to calmat czm industrial equity pacific ltd a hong kong based investment firm leading a group holding pct of calmat co s common stock said it intends to submit to calmat a proposal for a possible business combination in a filing with the securities and exchange commission industrial equity pacific did not disclose details of the proposal but said it would be delivered to calmat in the near future industrial equity pacific does not intend to remain a passive investor in calmat the firm told the sec in its sec filing industrial equity pacific said its president of north american operations ronald langley met with calmat officials on october to discuss an uisition of the company at a premium over the market price of calmat stock industrial equity pacific added it is considering launching a tender offer for calmat stock or making a merger proposal to the company but said it has not decided whether it will pursue a calmat uisition on a non negotiated basis industrial equity pacific which currently holds mln calmat common shares said it is also evaluating the company s recently adopted shareholder rights plan and its potential effect on calmat and on possible uisition proposals made to the company between october and industrial equity pacific bought shares of calmat common stock at dlrs to dlrs a share or a total of about mln dlrs reuter 
