Graniteville Stock Dips After Takeover Offer Escalation
Graniteville stock fell on the NYSE after the $17.50 per share bid from Graniteville and Southeastern Public Service Company. The shares slid to $15 at Monday’s close, then rebounded to $15.25 Tuesday. Southeastern, controlled by Victor Posner, had launched a takeover on April 26 with a $15 bid later raised to $17.50 on May 10 and matched by Graniteville on May 13.
MENTIONED IN THIS ARTICLE
Graniteville
Graniteville Company
Southeastern Public Service Company
New York Stock Exchange
Southeastern
Miami Beach
Victor Posner
Syria Refuses to See Habib Amid Lebanon Withdrawal Talks
The Syrian government will not meet U S special envoy Philip Habib citing hostility to Arab causes. The move follows a U S mediated Lebanon withdrawal pact requiring Syria and the PLO to leave Lebanon. Libyan protests and a possible Arab boycott add regional tension as Beirut reports a traffic blockade eases.
MENTIONED IN THIS ARTICLE
U.S
Philip C. Habib
Lebanon
Damascus
Syria
Habib
Israel
Palestine Liberation Organization
Beirut
al- Amal
Christian Phalange Party
Amin Gemayel
Libya
As-Safir
Tripoli
Jana
Arab League
Egypt
Nizar Farhat
Saleh Drouki
Lébanon
County OKs Courthouse Bond Sale
Aiken County Council approved the sale of general obligation bonds for the 5.2 million Judicial Center project to Interstate Securities. The bid carried an 8.069 percent interest cost and 8 percent rate, with Moody’s and S&P rating the county A. Bond closing is expected in Charlotte in about 30 days.
MENTIONED IN THIS ARTICLE
Aiken County Judicial Center
Aiken County
Interstate Securities
Interstate
Wachovia Bank and Trust
the Northern Trust Co
New York
Central Bank of the South
First Charlotte Corp
North Carolina National Bank
Robinson Humphrey
American Express
Aiken County Court House
Park Avenue
Chesterfield Street
Richard Sullivan
Sullivan
Moody’s Investors Service Inc
Standard and Poor’s Corp
Charlotte
Staff Problems Hamper County Planners
Aiken County Planning Commission faces slow progress due to staff shortages and other issues. Chairman J Franklin Smith notes none of the three top goals from a year ago have been completed, including an official county map and revised subdivision regulations. Development standards would guide unincorporated area land use and its environmental, transportation, health and economic impacts.
MENTIONED IN THIS ARTICLE
Aiken
Planning delays and road naming drive county projects
Aiken County officials note slow progress on development standards and map completion as staff shortages persist. Pixie Baxter explains road naming will honor tradition unless duplicates arise while Belvedere-GVW fire district and 201 study linger. The Bobby Jones Expressway center-line set for early June may prompt permit refusals to curb speculation.
MENTIONED IN THIS ARTICLE
Baxter
Commission
Smith
Planning Commission
Savannah River
Aiken County
Belvedere
Aiken County Approves 256000 Drainage Projects
The Aiken County Council approves 256000 in drainage projects from the 1982 general fund. Five projects from the Development Committee receive first reading funding, including Dennis Creek and Bulls Branch bridges, Rathwood drainage, and Railroad Avenue drainage with HUD support. Additional C funds back plans for Seymour Drive Crestland with North Augusta, Rita and Fairview Avenue drainage, and Belvedere Ridge drainage pending city participation.
MENTIONED IN THIS ARTICLE
Aiken County
Dennis Creek
Bulls Branch
Rathwood
Railroad Avenue
Fairgrounds
U.S. 1 North
Aiken
Wise Hollow
South Aiken
Seymour Drive
Crestland
North Augusta
Rita
Fairview Avenue
Belvedere Ridge
Jury Deliberating in GM Rear Axle Case
Aiken County woman Carlene Proctor seeks at least 5.25 million from General Motors Corp over a 1977 Pontiac Firebird crash on Interstate 26 that left her paralyzed. The federal trial before Judge Sol Blatt Jr began April 25 and jurors requested rereading eyewitness testimony after hours of deliberations.
MENTIONED IN THIS ARTICLE
General Motors Corp
Aiken County
Carlene
General Mo Co
U.S
Sol Blatt Jr
Proctor
Aiken Nursing Home
Richland County
Belvedere Refund Could Take A Year
The Belvedere Water and Sewer District assets were handed to county officials as a refund plan for the 93 mill tax remains undecided. A bill to establish a tax refund procedure is stalled in the South Carolina House, with a January 1984 reconvening limit if not passed this session. County leaders want action sooner, while debates cover refund mechanics and legal questions.
MENTIONED IN THIS ARTICLE
Belvedere
Huff
Jerry Michael
Mike) Toole
Toole
Congress
Also Mentioned on This Page
Brady Spacy
Patricia Haugan
Fullerton
Calif
The
Associated Press
Oks
Bill Baker
Eea
Pixie Baxter
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