Kohlberg Kravis Roberts wins race for RJR Nabisco
New York UPI reporting that Kohlberg Kravis Roberts Co. won the battle for RJR Nabisco Inc. in a $24.9 billion deal at $109 per share, including $81 in cash. The bid topped rival offers from a Shearson Lehman Hutton group and a First Boston-led consortium, and was approved by RJR Nabisco’s special committee as the best interests of shareholders.
MENTIONED IN THIS ARTICLE
New York
UPI
Kohlberg Kravis Roberts Co
RJR Nabisco Inc
Food and Tobacco
KKR
RJR Nabisco
Shearson Lehman Hutton Inc
Salomon Brothers Inc
First Boston Corp
RJR
Dick Beattie
Simpson Thacher & Barrett
Beatie
Chevron Corp
Gulf Oil Corp
Soviets Move Toward Multi Candidate Elections and Expanded Legislature
MOSCOW (UPI) The Supreme Soviet voted by an absolute majority to adopt elections and constitutional changes paving the way for multi candidate races and a new Congress of People's Deputies. The measures aim to replace the rubber-stamp body, creating a year‑round parliament to draft and debate laws as Gorbachev vows democratization. He urged focus on inter-ethnic relations amid regional unrest in Azerbaijan Armenia and Baltic nationalism.
MENTIONED IN THIS ARTICLE
Moscow
UPI
Tass
Supreme Soviet
Mikhail Gorbachev
U.S.S.R
Congress of People’s Deputies
Gorbachev
Azerbaijan
Armenia
Baltic States
Byrne mulling GOP mayor bid in Chicago
Chicago reports Jane M. Byrne lifelong Democrat mulls a Republican run for mayor. She discussed the idea with GOP County Chairman James E. Dvorak, saying she would not seek an endorsement. Sun-Times cited Byrne as having all but decided to run.
MENTIONED IN THIS ARTICLE
Chicago
UPI
Jane M. Byrne
Richard J. Daley
Byrne
Michael Bilandic
Harold Washington
James E. Dvorak
Dvorak
The
Chicago Sun-Times
Iran-Contra judge starts reviewing classified material
UPI reports U.S. District Judge Gerhard Gesell began a multi day review of classified documents to decide what may be disclosed at Oliver North's conspiracy trial. The process could affect whether North and three others go before a jury and hinges on defense requests to remove sensitive deletions from 350 documents, mainly names of foreign officials and intelligence agents.
MENTIONED IN THIS ARTICLE
Washington
UPI
White House
Oliver North
U.S
Gerhard Gesell
North
Lawrence Walsh
Reagan
Gesell
Walsh
Strike threat looms at Chicago Sun-Times
Disgruntled reporters photographers and editors of the Chicago Sun-Times reject a Nov 22 contract proposal prompting the Newspaper Guild to return to negotiations amid a looming strike. Guild cites broader issues beyond pension glitches and plans to resume talks Thursday to seek a new pact.
MENTIONED IN THIS ARTICLE
Chicago
UPI
Chicago Sun-Times
Sun-Times
Tom Gibbons
Michael Soll
Justice Dept to push Drexel indictment and deals
The Justice Department approves indictments against Drexel Burnham Lambert for securities racketeering while signaling possible settlement talks. Key Drexel figures Michael Milken, Bruce Lee Newberg, and Cary Maultasch face potential charges as prosecutors pursue hundreds of millions in fines with Ivan Boesky’s prior case serving as context.
MENTIONED IN THIS ARTICLE
Washington
UPI
Justice Department
Drexel Burnham Lambert Inc
Francis Keating
Drexel
Dick Thornburgh
Europe
Ween
U.S
Rudolph Giuliani
Southern District of New York
Michael Milken
Bruce Lee Newberg
Cary Maultasch
The
Los Angeles Times
Maultasch
Ivan Boesky
Boesky
Snow and fog sweep across Great Lakes to California
Light snow fell in the Great Lakes region and Pennsylvania while rain and sleet hit upstate New York. Dense fog advisories stretched from California valleys to western Oregon. Snow squall warnings were issued east of Lake Erie and Ontario with up to six inches possible near Buffalo. Temperatures ranged from the 20s in the upper Great Lakes to the 30s and 40s in the Mississippi and Ohio valleys.
MENTIONED IN THIS ARTICLE
United Press International
Great Lakes
Pennsylvania
New York
California
National Weather Service
Michigan
Flint
Lansing
Dan McCarthy
NWS
Buffalo
N.Y
Lake Erie
Lake Ontario
Missouri
Oregon
South Dakota
Mississippi Valley
Ohio Valley
Tennessee Valley
Middle Atlantic Coast States
Five day forecast and lottery numbers report
Five day forecast Saturday through Monday shows partly cloudy skies with highs from the upper 30s to lower 40s in the north and upper 40s to 50s in the south. Lows range from the 20s north to the 30s south. Illinois Lottery results note Wednesday draw winners for the daily game 291 and Pick Four 4007. Cash Five numbers were 3 7 8 17 31. Estimated Lotto grand prize for Saturday is $5 million.
Commodity quotes brief from Nicor markets page
Noon quotes list commodity futures and prices from Mercants Trading Co. including Live Beef Cattle Dec 72.65 Feb 72.80 Apr 73.97 Jun 72.45, Live Hogs Dec 40.25 Feb 72.80 Apr 73.97 Jun 72.45, Pork Bellies Feb 45.30 Mar 45.85 May 47.45 Jul 48.45, plus Feeder Cattle Jan 82.80 Mar 2.10 and various grains and metals such as Soybeans Jan 7.56 Mar 7.67 May 7.72 Jul 7.71 Aug 7.60, Corn Dec 2.59 Mar 2.694 May 2.73%2 Jul 2.7542 Sept 2.60'y, Wheat Dec 4.17%2 Mar 4.19% May 4.06'2, Soybean Meal Dec 243.30 Soybean Oil Dec 22.05 Cocoa Mar 14.54 Sugar May 10.77 T-Bonds Dec 88.20 Oats Dec 1.92 Gold Dec 427.50 Cotton Dec 57.20 Silver Dec 6.20% Mar 62342.
MENTIONED IN THIS ARTICLE
Merchants Trading Company
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Mega-corporation
Kohlberg
Nabisco
UPI Photo
Fidel Castro
Daniel Ortega
Carlos Salinas de Gortari
Mexico
Justice Dept
Huffman Oil Co
N. Galena Ave
Lawless & Associates
Optometry
Palmyra Ave
Dixon, Illinois
Fletcher
Mt. Morris
Thomas Lawless
Lamar Wells
Rhonda Thompson
Albuquerque
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Louis Salt Lake City F
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San Francisco F
San Juan
Seattle
Wichita
Dixon
Nicor
S. T. Majewski
H. W. Beeler
O. M. Nysather
Blunt Ellis & Loewi, Inc
Sterling
Blunt Ellis & Loewi
AlldCorp
M Ville Alcoa
McDaid Seer
Brnds
Litton
Amt&t
Beth Stiaks
Navistar
Eastm
Sears
Exxon
SO Ind
Gene
Texaco
Goodyr
IBM
Pyevetts
IntNick
Wsighs
Wal-Mart
ITT
Walgreen
Jcpen
S Woolw
Boise
ComEd
Telegraph
Dixon, Ill
the Telegraph Dixon
B. F. Shaw Printing Co
Peoria Ave
Dixon, HI
Lee, Ogle
Bureau
Whiteside
Ilinois
United States
American Newspaper Publishers Association
Bureau of Advertising
Inland Daily Press Association
Ilinois Press Association
Audit Bureau of Circulation
Dixon Telegraph Office
Dixon Telegraph
Dixon, IL
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