Three fragment production has been studied in peripheral Pb-208 + Au-1
97 collisions at 29 MeV/u. The data suggests the formation and subsequ
ent decay of necklike structures producing a small fragment emitted at
mid-rapidity in between the two partners of a deep inelastic scatteri
ng. Data and trajectory calculations suggest also the existence of a c
ompeting process in which the neck is absorbed by one of the reactants
, this latter decaying further by binary fission.