Du Pont raises Conoco bid shares amid antitrust risk
Du Pont said it would raise its cash portion to 45 percent of Conoco stock at 95 dollars per share while offering 1.7 Du Pont shares for remaining stock in a 7.4 billion deal. Mobil counteroffers at 105 cash for 51 percent, with 85 in stock for more, as antitrust hurdles loom and Seagram vies for 51 percent at 92 cash.
MENTIONED IN THIS ARTICLE
New York
Conoco Inc
du Pont Co
Mobil Corp
du Pont
Conoco
Mobil
Seagram Co. Ltd
Seagram
Reagan officials vow not to abandon economic aid plan
Washington officials assured Maryland business leaders that despite budget cuts the federal government remains committed to boosting Western Maryland’s economy. Transportation Secretary Drew Lewis cited subway expansion and Amtrak funding while deferring some new starts due to budget constraints. HUD Secretary Pierce outlined continued urban grants and loan guarantees amid lean budgets to improve program efficiency.
MENTIONED IN THIS ARTICLE
Transportation
Drew Lewis
Charlee McC. Mathias
Jake Wierner
Washington-Baltimore
Washington
Reagan
Baltimore
Frederick
Maryland
Lewis
Baltimore/Washington
Senate
Sen
New York
HUD
Administration seeks to drop AT&T landmark suit
Washington AP report notes Reagan administration plans to drop the long legal fight to break up AT&T as Congress considers a legislative alternative. Judge Greene declined to pause the trial, which resumes Aug 2, while lawmakers act. The move signals a shift toward deregulation measures and a possible settlement via pending bills.
MENTIONED IN THIS ARTICLE
At&t Landmark
Washington
American Telephone & Telegraph Co
Congress
U.S
Harold H. Greene
Atat
Justice Department
Department
Thurmond
Senate Commerce Committee
Justice
At&t
Pic Wagner
Buick Showroom Garage Sale on Patrick Street
A showroom at 112 Patrick Street invites buyers to explore a Buick selection with price reductions aimed at quick turnover. Call for questions and viewings are urged to visit the location today.
MENTIONED IN THIS ARTICLE
Ideal Buick
E. Patrick St
Rte. 355
Evergreen Point
Ideas Buick
Patrick St
Also Mentioned on This Page
Charles McC. Mathias Jr
R-Md
Mass Transit
Amtrak
Business Finance
the News
Frederick, Mal
Business
Greene
William Baxter
Teas
Antitrust Division
Department of Justice
Secretaries of Commerce and Defense
Herbert N. Jasper
Ad Hoc Committee For Competitive Telecommunications
Bell System
Baxter
Mark Sheehan
Strom Thurmond
R-S.c
Senate Judiciary Committee
Wery
Mont. Co
Wash
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