Donn Inc to Be Bought by USG in 168 Million Deal
Chicago based USG Corp will acquire Donn Inc in a stock exchange deal valued at about 168 million dollars. Donn operates 10 U S plants and seven overseas with nearly 2000 employees and last year sales of 300 million. USG plans to merge Donn with USG Acoustical Products to create USG Interiors Co with projected annual sales around 500 million. Donn founder Don Brown 65 will serve as senior consultant after the sale.
MENTIONED IN THIS ARTICLE
Donn Inc
Westlake — Donn Inc
USG Corp
Donn
Donn Corp
United States
USG
United States Gypsum
USG Acoustical Products Co
USG Interiors Co
Don Brown
New York
Anheus
TS Bocahg
Wala Alin
Ihta
Wea
Fiat
Dow hits 1700 as rate cuts lift stocks
The Dow Jones industrial average topped 1700 rising 170.9 points to 1713.99 as optimism over sliding interest rates spurred a broad stock surge. The NYSE logged the fifth heaviest day of trading with 18.74 million shares, with gains widespread and bond yields sinking to seven year lows.
MENTIONED IN THIS ARTICLE
New York
Wall Street
New York Stock Exchange
Market note on cattle and dairy prices stalls amid mixed demand
A historic market report records varied cattle and dairy price movement with cows around $1 to $2.60 per unit and range signals for calves and dairy stock. Traders note large company activity and cautious demand as figures show shifts in livestock values.
MENTIONED IN THIS ARTICLE
Yltun Cave
Mathmany Giltey
BP Moves to Strengthen Standard Oil Management
BP PLC ousts Standard Oil chairman Alton Whitehouse and president John Miller and installs Robert Horton as chairman and Frank Mosier as president. BP doubles its board representation as oil markets face a difficult year with plunging prices and a costly mineral reorganization weighing on Standard Oil’s earnings.
MENTIONED IN THIS ARTICLE
Cleveland
Standard Ov Co
British Petroleum Co PLC
Standard Oil
Robert Horton
Standard Oi
Alton W Whitehouse Jr
Mosier 55
Standard Out
John R Miller
Standard Owl
Peter Walters
Standard Onl
Wall Street
New York Stock Exchange
TWA Ozark merger moves forward amid airline turmoil
Trans World Airlines and Ozark Air Lines announce a plan for Ozark to operate as a TWA subsidiary in a deal valued around 250 million dollars plus options. The sides stress a profitable path amid deregulation and pressure from low cost carriers.
MENTIONED IN THIS ARTICLE
NEW York
Trans World Airlines
Ozark Air Lines
Acme
TWA
Eastern Airlines
Texas Air Corp
Texas Air
Continental Airlines
New York Air
Texas Air-Eastern
Carl C Icahn
Ozark
Edward J Crane
St Louis
Twa-Ozark
Icahn
Southwest
People Express
St Lows
Traficant Warns on Foreign Titanium Imports
Rep James Traficant criticizes U.S. purchases of Japanese titanium for the National Defense Stockpile. He notes a 1984 Commerce ruling that foreign titanium sponge was dumped below value, aiding RMS Co and affecting American defense industry.
MENTIONED IN THIS ARTICLE
Washington
James Traficant
Ohio
United States
Traficant
House Armed Services
Commerce Department
Niles Ohio
RMS Co
Also Mentioned on This Page
Business News
Dow
Wa Aly ES
Ems
Pial Cow
Lin Ween
Leeds Hay
Leyte
Kay
Sitaal
Warne
Whasil
Qin Gay Watge
Ty Wilhan
Pierre R Smith & Co
Acme Chive D'H Allied Corporation
Alltel
AmerShip
American Standard
Electrie Cpc Inter Ine
Rameeson Baty Faccile
First Bancorp
Pruehaut Tan Guedrich Ads
UC Industries
Invacare
Lear Siegier Ndty
CCB Bancorp
LNB Bancorp
Lesco
Midland
National Copsum
Nordson Ohin
Edison
Parker Hannifin
Smuckir Ty
Sybron
Woolworth
Kidron Livestock
Suzanne Cook
Denver
First Boston Corp
Alton Whitehouse
Forthofer
St Lous
U.S
Eomis Gle
Stewart
Cleveland At. Elyria
Freedom Center
Lorain
Middle Ave
Elyna Ohio
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