COMPANY BRIEFS (original) (raw)
https://www.nytimes.com/1985/11/07/business/company-briefs-136320.html
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Nov. 7, 1985
Credit...The New York Times Archives
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November 7, 1985
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Section D, Page
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* Arizona Bancwest Corp., Phoenix, said its shareholders had approved the merger into Security Pacific Corp. for 45ashare,oratotalofabout45 a share, or a total of about 45ashare,oratotalofabout480 million.
* Chicago Pacific Corp. said it had begun buying shares tendered in its offer for the Hoover Co.
The $43-a-share offer is to expire Nov. 13.
* Goodyear Tire and Rubber Co., Akron, Ohio, said its board had approved the previously announced purchase of Long Mile Rubber Co. and the former AMF Tire Equipment Inc. from Minstar Inc. Terms were not disclosed but the units had combined annual revenues of about $100 million.
* NCNB Corp., Charlotte, N.C., said its shareholders, and those of Bankers Trust of South Carolina, had approved at separate meetings the proposed acquisition of Bankers Trust by NCNB.
* Procter & Gamble Co., Cincinnati, said it had received 16.9 million shares, or 96 percent, of the Richardson-Vicks Inc. shares outstanding in its recently expired tender offer.
* Raytheon Co., Lexington, Mass., has won a $98.6 million contract to build 549 Hawk antiaircraft missiles, the Army said.
* Rexnord Inc., Brookfield, Wis., said it had completed the sale of the business and assets of its Rockford Products subsidiary to an employee group. Terms were not disclosed.
* Subaru of America Inc., Pennsauken, N.J., said it would import a 1987-model-year mini-car from Japan called the Subaru Justy, tentatively scheduled to go on sale in January 1987.
* Williams Electronics Inc., Chicago, said it was entering the automotive coin-operated pay telephone business with the introduction of the Wiltelco 5000 phone. It said it has received an initial order for 12,000 units for 1986 delivery, valued at $14 million and shipments should start by March 1.
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