Holmes a Court Ends Agreement
Date: 04 February 1988
AP
LEAD: The Australian financier Robert Holmes a Court has withdrawn from an agreement to buy several national newspapers in Australia and New Zealand from John Fairfax Ltd. The cancellation, made by mutual consent, comes as Mr. Holmes a Court continues to recover from the effect of the October stock market plunge on his international holdings.
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NEWS SUMMARY: THURSDAY, FEBRUARY 4, 1988
Date: 04 February 1988
LEAD: International A3-17
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First Nationwide
Date: 05 February 1988
Reuters
LEAD: The First Nationwide Bank, a unit of the Ford Motor Company, said it had completed the acquisition of Uptown Federal Savings of Chicago for an undisclosed amount. Uptown Federal, which has deposits of about $1.5 billion and $2 billion in assets, operates 22 retail branches in Chicago and its northern suburbs, the company said.
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ARCO-Tricentrol
Date: 05 February 1988
AP
LEAD: ARCO said it had acquired a controlling interest in Tricentrol P.L.C. today, a day after the small British oil company agreed to a deal valued at about $330 million. ARCO, which had held a 14.8 percent stake in Tricentrol, announced it had made additional stock purchases in the last two days that increased its interest to 54.5 percent.
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First Executive
Date: 05 February 1988
Special to the New York Times
LEAD: The First Executive Corporation said two of its shareholders had filed a lawsuit seeking to block the completion of a tender offer from the ICH Corporation and to overturn a standstill agreement. ICH, a Louisville, Ky., insurance holding company, began a $134.4 million tender offer last month for 11.2 million shares of First Executive at $12 a share.
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Restructuring For Polysar
Date: 05 February 1988
LEAD: The Polysar Energy and Chemical Corporation, a Toronto-based holding company, told stock analysts yesterday that a restructuring plan it announced on Wednesday was in the works even before it received an unsolicited takeover bid from the Nova Corporation of Alberta.
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Heinz Acquisition
Date: 05 February 1988
AP
LEAD: The H. J. Heinz Company said it had agreed to acquire Bumble Bee Seafoods Inc. of San Diego. The price was not disclosed. Bumble Bee, which was acquired in a leveraged buyout from Castle & Cooke Inc. in 1985, produces tuna, salmon and oysters and Figaro cat foods. ''The acquisition of Bumble Bee will bring into Heinz operations another brand of well-respected, high-quality food products,'' said Anthony J.
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British Airways
Date: 04 February 1988
Reuters
LEAD: British Airways P.L.C. said it had signed a $2 billion order for eleven 767 jets from the Boeing Company with an option to buy 15 more. The first aircraft will be delivered in November 1989, the company said. The order was first announced last August. British Airways said that it had signed contracts totaling $400 million with the British engine maker Rolls-Royce P.L.C to supply RB211-524H engines for the aircraft.
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Net Soars At Warner
Date: 05 February 1988
LEAD: With record results in its films, records and cable television divisions, Warner Communications Inc. reported yesterday that its fourth-quarter net income rose 48.4 percent.
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