Grand Union Merger Approved With New Cavenham Subsidiary
Cavenham (USA) Inc. and Grand Union announce a merger forming a new wholly owned Grand Union subsidiary. The deal hinges on financing arrangements and regulatory approvals in the United Kingdom and the United States, with exchange of Grand Union stock for a $21 principal amount of Cavenham debentures under a planned prospectus.
MENTIONED IN THIS ARTICLE
Cavenham (USA) Inc
Ing
Main
Grand Union Common
Cavenhams
United Kingdom
Cavenham (USA
Ther
Grand ‘Union Directors
Oll
Grand Union Company
Justers of
Grand Union Common Directors
Grand Union
Cavenham
USA
Cavenhare
Nancing
Cavenham Limited
Cavenham Holdings Inc
Bank of England
Treasury
Treary
Securities and Exchange Commission
Goldsmith bids 65.62 million for half of Cavenham shares
British financier Sir James Goldsmith offers 2.64 dollars a share for 25 percent of Cavenham, via General Occidentale, aiming to satisfy two groups of minority shareholders while independence directors and advisers back the bid. Cavenham controls Grand Union in the United States.
MENTIONED IN THIS ARTICLE
Cavenham
London
James Goldsmith
Cavenham Food Group
General Occidentale
United States
Grand Union Food
Goldsmith
Occidentale
Dagenham Board
Samuel Montague
GE to add 1200 jobs at Louisville Appliance Park
GE plans to expand its Louisville Appliance Park workforce by 1200 to reach about 19000 by mid August. The move follows stronger retail sales and housing, with GE noting the economy and sales improving though still below 1973 levels.
MENTIONED IN THIS ARTICLE
Louisville
iGeneral Electric Co
Richard O. Donegan
Executtive
Donegan
Louisville ‘Area
Chamber of Commerce
Amex and OTC stocks close higher in moderate trading
U S markets closed up as Amex traded 2.95 million shares with 346 advances 282 declines and 313 unchanged. McCulloch Oil rose to 43 cents and American Express gained to 37 5 8, while NASDAQ edged up 38 to 97 795. Pennzoil Offshore Gas led volume gains as others mixed on earnings and deals.
MENTIONED IN THIS ARTICLE
NEW York
American Stock Exchange
Amex
McCulloch Oil
Houston OU & Minerals
Resorts International
Rn Petro-Lewis Corp
Coachmen Industries
Ormand ‘Industries
Dell
Pennzoil
Iy. van de Beers
Active
American Express
Valtec Acquires Barnes Spectrum Systems Division
Valtec corporation of West Boylston Mass agrees to buy the Barnes Spectrum Systems division of Barnes Engineering of Stamford. The deal is for cash and notes in an undisclosed amount. Spectrum will continue operations at its Massachusetts site under the Spectrum Systems name.
MENTIONED IN THIS ARTICLE
Stamford
Barnes Engineering Company
Valtec’ Corporation
West Boylston
Mass
Valtec
Barnes Spectrum Systems
Robert B. Barnes, Jr
Bates Engineering ‘Company
James A. Godbey
Vallée Corporation
John F. _Powers
Virgin Islands Adds Air Conditioning to Foreign Arrivals Terminal
The Pecelteiat government spends 125000 dollars to air condition the foreign arrivals terminal at Alexander Henken sual on St. Croix Island. Truman airport on St. Thomas Island undergoes lengthy repairs while St. Croix becomes the principal port of entry for the Virgin Islands.
MENTIONED IN THIS ARTICLE
Virgin Lands
UPI
Pecelteiat
Oreign
Alexander Henken Sual
St.Croix
Truman
St. Thomas
Slands
St. Croix
Virgin Islands
Also Mentioned on This Page
Wayne Barshow Inc. Independent Pool Builder
Black Rock Turnpike Inc
Fairfield
New Cavenham
Connecticut
Connecticut Real Estate Limited
Edward Rogers Investments
Whitney Avenue
Hamden
Edward Rogers Investments Real Estate Investment Consultants
Barnes Engineering
Burns
Contac Mika Thomas
Burns International Security
Oun
Bridge Port
Mike Thomas
Loca Burns
Burns Security
Little
Anderson-Little
Anderson
Bridgeport
Lafayette Plaza
Lafayette St
Orange
Boston Post Road
Trumbull Trumbull
Roger Staumathi
Dallas Cowboys
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