KCS ENERGY SHARES RISE AFTER TENNESSEE GAS SETTLEMENT
Date: 25 December 1996
By Bloomberg News
Bloomberg News
KCS Energy Inc shares rise 26 percent, to $37.625 a share, after company says it has settled all litigation with Tennessee Gas Pipeline Co, which last month won $143.2 million jury award against the company; financial terms undisclosed (S)
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CULBRO TO SELL $120 MILLION IN GENERAL CIGAR SHARES
Date: 25 December 1996
By Bloomberg News
Bloomberg News
Culbro Corp will sell as much as $120.8 million stock in its General Cigar subsidiary in public offering, probably in February; company says it has bought Villazon & Co and its Honduran affiliate for $89 million, giving General Cigar the Punch and Hoyo de Monterrey cigar brands (S)
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GEMSTAR TO BUY STARSIGHT IN STOCK SWAP
Date: 25 December 1996
By Bloomberg News
Bloomberg News
Gemstar International Group Ltd will buy Starsight Telecast Inc in stock swap valued at $273 million, or $10.23 a share (S)
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COMMERCE SECURITY TO BUY ELDORADO BANCORP
Date: 25 December 1996
By Bloomberg News
Bloomberg News
Commerce Security Bancorp Inc will buy Eldorado Bancorp for $90 million in cash in deal that will combine two banking chains in Orange County, Calif (S)
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Chilean Utility Sale Nears
Date: 25 December 1996
By Bloomberg News
Bloomberg News
Power Market Developments Corp, unit of Pennsylvania Power and Light Co, has agreed to pay $106 million for 25.6 percent of Empresas Emel SA of Chile (S)
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Stocks Recover A Bit in Japan
Date: 25 December 1996
By Bloomberg News
Bloomberg News
Japan's Nikkei stock index is up 387.70 points, or 2.02 percent, at 19,549.41 on Wednesday, Dec 25 (S)
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Northeast Brazil to Get Korean Auto Plant
Date: 26 December 1996
By Bloomberg News
Bloomberg News
Asia Motors Co of South Korea plans to build $500 million assembly plant in northeastern Brazil; Pres Fernando Henrique Cardoso says plan will lead to greater industrialization of region (S)
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Burcon to Buy Land From Concord Pacific
Date: 26 December 1996
By Bloomberg News
Bloomberg News
Burcon International Developments Ltd signs letter of intent to buy Vancouver, British Columbia, development site from Concord Pacific Holdings Corp for $250 million (Canadian) (US$183.6 million); Burcon says price includes assumption of debt and that it will issue shares and warrants to Concord shareholders (S)
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Sorkin Leaving Nomura After 19 Months
Date: 25 December 1996
By Bloomberg News
Bloomberg News
Nomura Securities International says Ira Lee Sorkin, who had joined the firm 19 months ago in new position, chief legal officer, as Nomura moved into volatile businesses, is resigning; William T Maitland,, who was hired as general counsel in September, will succeed Sorkin, whose resignation takes effect on Jan 1 (S)
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Nikko to Rescue Lending Units
Date: 25 December 1996
By Bloomberg News
Bloomberg News
Nikko Securities Co says it will inject 147.5 billion yen, or $1.3 billion, into three companies to write off bad loans and will record net loss for fiscal year; Nikko says it will provide 82.1 billion yen to Kyodo Mortgage Acceptance Co, 47.7 billion yen to Nikko Credit Services, and 17.7 billion yen to Nikko Real Estate (S)
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