HUNTSMAN CHEMICAL SWEETENS ITS OFFER FOR REXENE
Date: 03 August 1996
Huntsman Chemical Corp increases to $15 a share its offer to buy rival petrochemical manufacturer, Rexene Corp; latest offer increases to $281.6 million the cash portion of offier; including assumption of $175 million in Rexene debt, total offer is worth $456.6 million (S)
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WARNACO TO SELL HATHAWAY UNIT TO CFH ACQUISITION
Date: 02 August 1996
Warnaco Group Inc says it will sell its Hathaway men's shirt business to investor group organized by former Maine Gov John McKernan Jr, saving 675 jobs at Hathaway factories that company had intended to close; terms of cash deal not disclosed (S)
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MARINER HEALTH PLANS TO ACQUIRE ALLIED HEALTH
Date: 02 August 1996
Mariner Health Group Inc says it will buy Allegis Health Services Inc for about $95 million in cash and assumption of $15 million in debt (S)
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NEW POWER MACINTOSH LINE OF COMPUTERS IS DISPLAYED
Date: 03 August 1996
Apple Computer Inc displays a Power Macintosh line of computers based on Power PC 604e chip; line offers speeds of as much as 200 megahertz and all models now include 8X-speed CD-ROM drives; line includes Apple's first multiprocessing desktop model, which features dual Power PC 604e processors running at 180 MHz to improve performance on computer-intensive tasks (S)
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RETIREMENT CARE ASSOCIATES PLANS A SPINOFF
Date: 02 August 1996
Retirement Care Associates Inc says it will spin off its retirement and assisted-living business (S)
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ANTITRUST LAWSUIT FILED AGAINST GENERAL ELECTRIC
Date: 02 August 1996
Justice Dept's antitrust division sues General Electric Co, charging that company's licensing agreements thwart competition in market for servicing medical equipment; at issue is whether hospitals and clinics that have licensed GE's proprietary diagnostic software to service their own GE-made devices should be allowed to offer similar diagnostic services to other hospitals (S)
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GTE ANNOUNCES A SECOND BUYBACK OF ITS SHARES
Date: 02 August 1996
GTE Corp says it will buy back as many as 25 million shares of its stock and use shares it buys back for employee benefit and investment programs (S)
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U.S. SURGICAL BEGINS A TAKEOVER BID FOR CIRCON
Date: 03 August 1996
US Surgical Corp begins unsolicited takeover bid for smaller rival, the Circon Corp, valued at $18 a share, or about $230 million (S)
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CHIRON STOCK DIVES AFTER POOR EARNINGS REPORT
Date: 02 August 1996
Shares of Chiron Corp fall 12 percent on day after company reported disappointing second-quarter earnings (S)
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U.S. CAN TO ACQUIRE CROWN CORK BUSINESSES
Date: 02 August 1996
United States Can Corp says it will buy certain aerosol-can businesses from Crown Cork and Seal Co for $58.6 million, including assumption of $5.8 million of debt (S)
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