Huntsman pushes Rexene bid amid multiple rejections
Huntsman Corp, Utah based petrochemical firm, confirms it made a third bid for Rexene Corp in late October after Rexene rejected initial offers of 14 and 15 dollars per share for 19.1 million shares. CEO Jon Huntsman says Rexene showed no sincere intent to sell and cites five demanding merger terms including a 100 million reverse breakup fee and a forced merger despite potential violations.
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Jon Huntsman
Rexene
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Christmas Choir Caps Holiday Activities With Lights
A junior high choir caps a run of holiday events including the Christmas tree lighting at City Hall. About 3,000 lights illuminate a 50 foot tree crafted from branches gathered in New Mexico forests. The Parade of Lights on Saturday begins at 6:30 p.m. from Odessa College, featuring roughly 50 floats and ending at Noel Heritage Plaza. The Bonham Junior High Choir will perform along the route and reach the White Poo! Home on 112 E. See.
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City Hall
New Mexico
Odessa College
Grant Street
Mars Pathfinder roving to Mars with Sojourner on voyage
Mars Pathfinder, a six wheeled rover named Sojourner, begins a 310 million mile journey to Mars from Cape Canaveral. The craft will land using airbags and deploy a remote controlled rover to search for rocks, marking the first mobile craft sent to explore another planet. NASA plans a series of missions, with Pathfinder as the second of ten spacecraft launched.
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Cape Canaveral
Fla
Mars
Mars Pathfinder
Space One
Sojourner
NASA
Pathfinder
Texas Tackles 1.2 Billion in State Budget Savings
Texas Comptroller proposes 428 penny pinching ideas to trim the next two year budget. Highlights include trimming 1,720 state employees and eliminating 6,600 phantom positions, renewing licenses every 12 years, raising one time fees, and cutting college funding for underclass teaching time.
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Austin
Texas
John Sharp
George W. Bush
Sharp
Adena Oo
Cole Save
Shar
Elmo and Nintendo Dominate Early ’96 Toy Craze
Surging demand pushes Me Elmo and Nintendo products to top holiday lists as families rush to stores. Barbie on CD ROM is scarce. Parents queue before dawn, battling shortages amid fierce competition. Kmart Odessa reports Sesame Street doll selling fast.
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Tony Currie
Kmart
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Disabled veteran seeks Christmas help from fund in Odessa
James, a disabled veteran with medical bills and limited income, asks for Christmas aid for his wife and children. He hopes donations to the Empty Stocking Fund, a Salvation Army Odessa American joint drive, will bring joy and cover family expenses this season.
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James
Salvation Army
Odessa American
Odessa
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