Du Pont Wins War For Conoco
Du Pont Co wins the battle to acquire Conoco Inc in a record bid. About 55 percent of Conoco shares were offered by Tuesday midnight, enabling a take over of the ninth largest U.S. oil company. Mobil’s higher bid was blocked by antitrust concerns, leaving Seagram with potential influence in Du Pont. Du Pont pays 7.4 billion dollars in cash and stock for Conoco, giving the chemical giant coal, oil and gas assets but stacking debt and minority stake considerations.
MENTIONED IN THIS ARTICLE
New York
du Pont Co
Chemical Company
Conoco Inc
du Pont
Conoco
Seagram Co. Ltd
Wilmington
Del
Mobil Corp
Mobil
Securities and Exchange Commission
Shell Oil Co
Belridge Oil Co
Government Dismisses Striking Air Traffic Controllers
Washington AP Reagan administration began firing some 13 000 striking air traffic controllers after Monday’s walkout and vowed to run flight paths despite the loss of control for the public. Officials said up to 72 percent of flights were operating with limits on takeoffs at the 23 largest airports. Judge jailed five union officials for alleged violations.
MENTIONED IN THIS ARTICLE
Washington
Reagan
Poli
White House
Larry Speakes
Anwar Sadat
Transportation
Drew Lewis
Speakes
Sadat urges U S PLO talks for Middle East peace
Egyptian leader Anwar Sadat pressed President Reagan to negotiate with the PLO on a Middle East peace plan. He suggested expanding the Lebanon cease-fire into a broader settlement and floated a possible Egypt Israel U S summit. A senior official said Reagan did not directly respond to the PLO issue.
MENTIONED IN THIS ARTICLE
Washington
Anwar Sadat
Egypt
Reagan
United States
Palestine Liberation Organization
Middle East
Sadat
PLO
Israel
United Nations Security Council
Henry Kissinger
Egyptian
Sinai
Lebanon
Reagan Administration
U.S
Menachem Begin
Jordan
Hussein
Fahd
Brutality Probe 'Not Thorough' Motel Owner Says
Bluefield motel owner Roger Budner says city officials did not contact him or the clerk during a probe into the Brier Motel incident. City directors said there was insufficient evidence to support allegations of police beating. The clerk, Harry Williams, faced an obscene call charge he was not arrested for. A Holiday Inn security officer, Karl Evans, was later identified as not a Bluefield officer.
MENTIONED IN THIS ARTICLE
Daily Telegraph
City of
Roger Budner
City Board of Directors
Harry Williams
Brier
Williams
Bluefield
Karl Evans
Holiday Inn
Weather Outlook: Scattered storms through Friday
Thursday into Friday shows scattered showers and thunderstorms with higher coverage today and tonight. Highs reach mid 70s to mid 80s, nights in the 60s to low 70s, then a warm humid weekend with more showers Saturday and cooler, partly cloudy Sunday with highs in the 80s and nights in the mid 60s to mid 70s.
MENTIONED IN THIS ARTICLE
National Weather Service
Doctor Smith Requires More Psychiatric Evaluation
In Pearisburg Virginia Dr Kenneth Walker, court appointed to conduct a preliminary psychiatric evaluation of Randall Lee Smith, concluded more testing and treatment are needed. Lawyers Michael J Davis and J Livingstone Dillon confirmed receipt of the report and indicated Smith may be sent to a state hospital for further assessment.
MENTIONED IN THIS ARTICLE
Sharon Friese
Daily Telegraph
Pearisburg, Va
Pearisburg
Randall Lee Smith
Smith
Kenneth Walker
General District Court
Telegraph
Michael J. Davis
J. Livingstone Dillon
Davis
Also Mentioned on This Page
Chicago
O'Hare
Robert E. Poli
Lewis
Federal Aviation Administration
White House South Lawn
Oval Office
West Bank
Gaza Strip
FAA
PATCO
Space Services, Inc
Space Services Is
UCPC
OU Toc
Giles County
Monroe County
Society
Virginia News
West Virginia News
The
Daily
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