of its major shareholders may be poised to buy out the company.

The bid to acquire all of Fairhaven's share capital comes from Eagleville Ltd.

which owns 70,320,007 shares or 28.93 percent of the company, second only to Fred Olsen Ltd., with 90,618,802 shares or 37.28 percent.

Mr. Hugh Mann, vice president of Fairhaven, could not be reached yesterday, and according to the company's Bermuda office, further comment must come from him. They said he would not be available until tomorrow.

Fairhaven is listed on the London exchange and has a secondary listing on the Bermuda Stock Exchange but does not trade on the latter.

The company's stock traded in London at $36.45 on November 4.

The principal activities of the group are the provision of project management, engineering and construction services to the oil, gas and process plant industries and the exploitation of its interests in the Nimslo 3-D System.

Fairhaven, whose head office is located in Hamilton, was incorporated as a limited company in 1981 under the name Nimslo International Ltd., a holding company of a group involved in the development of 3-D photography. The name was changed to Fairhaven in May of 1988.