BP moves to acquire Standard Oil with 7.4 billion offer
British Petroleum plans to take full control of Standard Oil with a 70 a share offer, valued at 7.4 billion, prompting a California New York City and New Jersey shareholders class action in Cuyahoga County. The suit seeks to block BP from buying the remaining 45 percent, arguing the deal deprives public holders of future growth and profits. Judge Thomas J. Pokorny assigned. no hearing date set.
MENTIONED IN THIS ARTICLE
Cleveland
British Petroleum Co
Standard Oil Co
Cuyahoga County Common Pleas Court
Standard Oil
California
New York City
New Jersey
British Petroleum
Thomas J. Pokorny
John and
Marjorie Moore
Belvedere
Calif
Louis H. Goldman
David Grobow
Englewood
N.J
London
New York
William H. Bryant
Greater Cleveland
Kidron livestock market shows price gains across sections
Consignments to the Xidros Auction were lighter on Thursday though most market segments posted higher values. Hogs top near 4950 per head. feeder pigs and bred sows strong. Holstein calves improved with good stock around 90 to 100 dollars. cows and hay demand remain robust with hay prices 120 to 540 per ton and straw scarce. Total head 2,144 with 498 consignors. 130 loads of hay and straw offered.
MENTIONED IN THIS ARTICLE
Kidron
Xidros
Conrail Goes Public in Record $1.65 Billion Offering
Consolidated Rail Corp. priced at 28 dollars a share for 58.75 million common shares marking the government's 85 percent stake sale. Shares jumped to 31.25 at close on the NYSE, delivering about 12 percent paper profit to initial investors.
MENTIONED IN THIS ARTICLE
New York
NYSE
At&t
Amoco
AulRich
Boeing
Bowatt
Bristo
Cmpr G
Ys CnsFrts
Chrailn
Disney
duPont
Exxon
Heinz
Bate
Hmstke
Kmart
Merck
Adin
MerLyn
Mobil
BaSat PhiPet
RIF Nbr
Consolidated Rail Corp
Conrail
U.S
Henley Group Inc
British Gas PLC
Reagan urged to retaliate against Japanese chip makers
Washington officials say a Cabinet panel backed penalties on Japanese electronics products to pressure compliance with an eight month old trade deal. Telecommunications equipment and inexpensive hand held phones were cited as likely targets, with a formal announcement expected soon.
MENTIONED IN THIS ARTICLE
Reagan
Washington
Economic Policy Council
United States
U.S
Hong Kong
Sinapore
Reagan Administration
Japan
Cabinet
Treasury
James A. Baker II
Also Mentioned on This Page
Beneft
Chuck Webster
BP North America Inc
City
Bryant
Public Square
Robert B. Horton
Rebok
Aoea
Reylon
Rowan
Reyld
Salomn
Sfesop
Sears
Ucard
Unoeal
Ihe Upjohn
Wu Warnrl
Wendy S
Weyerh
Kidron Livestock
Pierre R Smith
Acme Cleve
Allied Corporation
Abie Alitel
Alt AmerShip
Centerior
Chromalloy Central Bancorp
CPC Inter Inc Sr
Emerson
First Bancorp
Fruehaul Ta Goodrich
TC Industries
Invacare
LCB Bancorp
LNB Bancorp
Lesco Inc
Nordson Abe Northern Savings
Ohio Edison Qbe Parker Hamifin
Smucker
Texas Utilities
Woolworth
York International
LNB
Lorain National Bank
Lorain National
Lorain National Ira
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