ENERGY DEVELOPMENT <EDP> COMPLETES MAY <MEP> BUY Energy Development Partners Ltd said it has completed the acquisition of May Energy Partners Ltd for 1,817,697 depositary units following approval yesterday by May Energy unitholders. Energy Development said May Petroleum Inc <MAYP>, general partner of May Energy, will distribute about 35 Energy Development units for each 100 May Energy Partners units to holders of 100 May Energy Partnners units or more and cash to others. Energy Development said the transaction increases its units outstanding to 12.6 mln and raises total proved reserves as of the end of 1986 27 pct. Angeles Corp <ANG> is general partner of Energy Development.