IES shareholders vote on three way merger plan today
IES Industries shareholders meet at Collins Plaza Hotel to decide whether to approve a three way merger with WPL Holdings of Madison Wisconsin and Interstate Power of Dubuque creating Interstate Energy Corp. A counter bid from MidAmerican Energy seeks to block the plan and force negotiations.
MENTIONED IN THIS ARTICLE
George C. Ford
Cedar Rapids
Interstate Energy
IES
Collins Plaza Hotel & Convention Center
Julianne Anderson
A.G. Edwards & Sons
Anderson
MidAmerican
MidAmerican Energy
Mitchell Stier
Winthrop, Stimpson
Stier
Iowa-Illinois Gas and Electric
the Gazette
WPL
Interstate Power
Stocks Gain Meagerly as Rates Rise and News Remains Sparse
Stocks edged up in a narrow session with the Dow rising 8.51 to 5 656.90 amid higher bond yields. Eastern Iowa stocks showed 23 up, 14 down, eight unchanged as Penwest gained 1 to 20 and United Fire & Casualty fell 2% to 31. Access Direct Telemarketing hires 300 temp workers for political calls, with shifts 8 am to 11 pm, paying 6.25 per hour. The American Soybean Association opened its 13th international office in New Delhi led by Virgil Miedema, while GM recalls about 587,000 Cadillacs over a pollution-causing chip. 1991–95 Sevilles, DeVilles and Eldorados affected.
MENTIONED IN THIS ARTICLE
Dow Jones
New York Stock Exchange
Iowa
Penwest
United Fire & Casualty
Access Direct Telemarketing Inc
Access Direct
Westdale Mall
Edgewood Rd
North Liberty
Quail Creek Circle
American Soybean Association
Asia Subcontinent
New Delhi
India
Virgil Miedema
Miedema
Agency For International Development
Jakarta
Indonesia
United Soybean Board
U.S
General Motors Corp
U.S. Justice Department
PepsiCos
HewiettPxdstine
Chryslers
Ednesday
American Stock Exchange
TWA
Amex
Biotech
Standard & Poor’s Finance
Low Close Che Indust
Industria
Insurance
Telecom
Wilshire Associates
Associated Press
Staples to Acquire Office Depot in 3.35 Billion Stock Deal
Staples to buy rival Office Depot for 1.14 Staples shares per Office Depot share in a merger that creates a 1100-store chain with about 10 billion dollars in annual revenue. The combined firm will rebrand as Staples The Office Depot and seek $447 million in annualized savings.
MENTIONED IN THIS ARTICLE
Boston
Staples Inc
Westdale Mall
Cedar Rapids
Office Depot
Staples
U.S
OfficeMax Inc
Staples the Office Depot
Thomas Stemberg
Staples and
New York Stock Exchange
Office Depot Inc
Staples/Office Depot
Staples the
Boeing Airbus orders boost Collins at Farnborough show
Boeing announced a 1.18 billion dollar deal for seven 747-400s, lifting total new business to about 7.5 billion as Airbus trails with 3 billion in orders. Collins Commercial Avionics said Boeing and Airbus chose its Multi-Mode Receiver for new jets, aiding all weather landings and GNSS transition.
MENTIONED IN THIS ARTICLE
Boeing Co
Farnborough Air Show
Philippine Airlines
Boeing
Airbus Industrie
Airbus
Farnborough International 96
Rockwell
Collins Commercial Avionics
Cedar Rapids
Collins
Seattle
Britain
France
Germany
Spain
Rubbermaid to buy Graco for 320 million dollars
Rubbermaid Inc. will acquire Graco Children's Products Inc. for 320 million dollars in cash. The Elverson Pennsylvania based company, owned by AEA Investors and management, makes infant gear while Rubbermaid plans continued growth via acquisitions despite rising plastic resin costs. Chairman and CEO Wolfgang Schmitt notes resin price increases hinder earnings targets.
MENTIONED IN THIS ARTICLE
Wooster, Ohio
Rubbermaid Inc
Graco Children’s Products Inc
Rubbermaid
Elverson Pa
Wolfgang Schmitt
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ASA
Demi Moore
Office Supply Superstores
Northeast
California
Midwest
Florida
Texas
Westboro
Mass
Canada
Business Depot
Bureau Entros
Oone
Sonam
New
Office
Delray Beach, Fla
North America
Int Ventures
Colombia
Israel
Japan
T. Durand
1St Ave
Graco
Nyse Index
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