Seagram Du Pont Mobil bid for Conoco intensifies takeovers
Seagram reports 15.5 million Conoco shares, about 18 percent, under its 4.1 billion offer as of Saturday midnight. Du Pont aims to buy 56 percent with a 7.3 billion offer and seeks antitrust settlement with the Justice Department by Wednesday. Mobil faces delayed antitrust clearance and may trigger new bids to protect stockholders.
MENTIONED IN THIS ARTICLE
New York
UPI
Conoco Inc
U.S
Conoco
Seagram Ltd
du Pont Co
Mobil Corp
Seagram
du Pont
Justice Department
du Pont-Conoco
Mobil
Wall Street
Royal family eyeing $5 million New York apartment
NEW YORK reports the British royal family considers buying a $5 million 21-room apartment in Jump Towers on Manhattan's East Side. The luxury condo would be used during visits to the United States, per an unidentifed source cited by New York Magazine.
MENTIONED IN THIS ARTICLE
New York
UPI
New York City
Jump Towers
Manhattan
Oil tax bill showdown and Kennedy no-show fuels Senate talk
Washington UPI reports the Senate may hear heated oil industry criticism as it prepares to pass Reagan's tax bill. Saturday night conferees met after an all-night session sparked by Sen. Kennedy who then did not attend, prompting Sen. Boschwitz to seek his whereabouts. The final package includes about 17 billion in oil breaks, with a Senate plan of 6.5 billion, a compromise of 11.7 billion over five years, and Monday debate on curbing big oil breaks.
MENTIONED IN THIS ARTICLE
Washington
UPI
Senate Chamber
Treasury
Reagan
House-Senate
Sen
Edward Kennedy
D-Mass
House
Senate
Kennedy
Conference Committee
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Shark
San Diego
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Sea World
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New Orleans
Carlos Marcello
Durers
Morey L. Sear
Los Gatos
Calif
San Francisco International
Santa Clara Valley
B.J. Lewis
Santa Clara
San Mateo
Alameda
Brooklyn
Orinson Garcia
Thomas Selendez
Aolice
Julitte
Busch Gardens
Tampa
Fla
Rudy Boschwitz
R-Minn
Massachusetts Democrat
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