Cash rich firms draw raiders as stock markets waver
A New York Times overview notes about a hundred cash rich public companies screen high cash per share relative to market value, inviting takeovers. It cites Norton Simon American Airlines International Paper Sherwin Williams and others, detailing cash per share, stock prices, and potential for debt renegotiation or asset borrowing.
MENTIONED IN THIS ARTICLE
New York
Oppenheimer & Co
Norton Simon
Oppenheimer
Norman Weinger
E. Michael Metz
American Airlines
Hartfield-Zodys Inc
International Paper
National City Lines
Denver
Harold C. Simmons
Dallas
Chrysler expects smaller loss in third quarter
Chrysler Corp. president J. Paul Bergmoser said the company will lose less money in the third quarter than in the second, marking the first concrete sign of a turnaround. He cited cost cuts, management revamp, and plant closures as key factors, with 1981 model year sales outlook improving.
MENTIONED IN THIS ARTICLE
Detroit
UPI
Chrysler Corp
J. Paul Bergmoser
Bergmoser
Chicago
Chrysler
U.S
Genentech stock soars on first big public offering
Genentech Inc. priced its first public offering at 35 dollars per share and saw demand surge as bids climbed to 88 before settling near 71 4. Analysts credited strong interest in recombinant DNA health care applications and Genentech’s leading role in interferon research and insulin production. Swanson and Boyer hold 925000 shares each.
MENTIONED IN THIS ARTICLE
New York
UPI
Genentech Inc
San Francisco
Genentech
Ronald Nordmann
Oppenheimer & Co
Nordmann
Ronald Stern
First Boston Corp
Eli Lilly & Co
Fering
U.S
Genentechs
Swanson and
Boyer
Maytag Posts Modest Sales Slump Amid Recession
Maytag Co reports nine month sales of 263.9 million versus 268.3 million year ago and earnings of 26.7 million or 2.01 per share. Third quarter sales 86.8 million with 8.4 million earnings. President Krumm sees recession bottoming but no strong upturn until next year. Shearson Loeb Rhoades posts quarterly earnings of 21.7 million or 2.34 per share and 209 million revenue, up 89 percent from last year.
MENTIONED IN THIS ARTICLE
Maytag Newton
UPI
Maytag Co
Maytag
Daniel Krumm
Shearson
P G sets aside 75 million as Rely cushion
Procter & Gamble chairman Edward G. Harness told shareholders the company would deduct 75 million from first quarter earnings to cover the Rely issue. He described the writeoff as conservative and said the business will move forward, while noting no medical evidence links Rely to toxic shock syndrome.
MENTIONED IN THIS ARTICLE
Cincinnati
UPI
Procter & Gamble Co
Edward G. Harness
P&g
Harness
Probate and public notices from Linn County Iowa 1980
Probate notices announce Mabel L. Touro estate with Reginald G. Touro named executor and a six month window to contest, plus credit claims and payment instructions. Also listed are CBD signal interconnect bid procedures in Cedar Rapids and appointment of Julius William Koehn administrator with six months to file claims.
MENTIONED IN THIS ARTICLE
Iowa
Linn County
Lowo
Mabel L. Touro
Reginagid G. Touro
Cedar Rapids
Owa
Lois M. Keller
District Court
State of
Julius William Koehn
Ionald C. Koehn
Simmons, Perrine
Cae Css
District Court of
Jim E. Moore
E Mary Moore
Lowa
Wilch
Iowa District Court
Ernest J. Rabus
Ernest J Rabus
Robert L. Rabus
Sherylene A. Quinn
Robert L.ee
Sherviene A. Quinn
Sunnyvale
California
Creele
Zois M. Keller
Cedor Opis
Area (Education
X Community College
Kirkwood Community College
Centrex
I Rd i
Linn Hall
Kirkwood Blvd
Ac Ee
Lin Hall
Rct
Kirk Blvd
Board of
Merged Area
X Community Matt
Cedar Rapids, I
Kenneth K. Kupka
Also Mentioned on This Page
By Robert Metz
New York Times Service
Sherwin Williams
Gulf and Western
Trans World Corp
Texas Air
Trans World
Shearson Loeb Rhoades Inc
New
York Brokerage House
Personality Parade
W.T
Jess) Fandel
Ralph Fandel JR
Ron R. Foster
10Th Ave
Wm. G. Faches
Faches, Glee and Quint
Eugene J. Kopecky
Rivitiow Artn Eed
Jersol Neys
Sav Secutor
Jecor Rapids
Liberty Loan Corporation OF Ames
Second St
S.E
Aris
Fiest Nationally
Marion
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