FCS &lt;FCSI> RECEIVES MERGER PROPOSAL

  FCS Laboratories said its
  investment banker, Butcher and Singer Inc, received a
  preliminary merger proposal from another company in the
  healthcare field.
      FCS said that if various aspects of the proposal are better
  defined, its board may consider it. FCS said merger
  negotiations with this other company have been continuing since
  late August.
  

