TEXON ENERGY &lt;TXON> IN TALKS ON ACQUISITION

  Texon Energy Corp said it has entered
  into a preliminary agreement to purchase an 80 pct interest in
  a privately-held specialty plastics manufacturing company it
  did not name.
      Texon said completion of the acquisition is subject to the
  consent of banks and third parties and the acquisition would be
  made for promissory notes and common stock.
  

