reuters21578.txt

lucene2.2.0版本

19870409	CLEVITE <CLEV> GETS 13.50 DLR/SHR OFFER Clevite Industries Inc said it received a written proposal from J.P. Industries Inc <JPI> seeking to buy all of its outstanding shares for 13.50 dlrs a share.     Clevite's stock was trading on NASDAQ at 13-1/4.     J.P. Industries recently completed the acquisition of Clevite's Engine Parts Division.     J.P. Industries said its proposed transaction would be financed through borrowings under its available bank lines and a bridge financing facility which Donaldson Lufkin and Jenrette Securities Corp agreed to arrange.     To expedite the transaction, J.P. Industries said it would be willing to start a cash tender for Clevite's shares within five days after agreeing upon a definitive merger and confirmation of Clevite's financial results and condition.   Reuter 3;
19870409	COAST SAVINGS <CSA> IN TALKS ON BUYING BANK Coast Savings and Loan Association said it is in talks with the Federal Savings and Loan Insurance Corp on the acquisition of Central Savings and Loan Association of San Diego.     Central, which operates 46 branches, has been under management guidance of the FSLIC since May 1985.     Coast said the acquisition would give it an entry into the San Joaquin Valley market besides strengthening its presence in the San Diego, Los Angeles and Orange Counties areas.  Reuter 3;
19870409	COLONIAL BANCGROUP <CLBGA> MAKES ACQUISITION Colonial BancGroup said it has signed letter of intent to acquire Community Bank and Trust of Hartselle, Ala., with assets of 26 mln dlrs, for undisclosed terms, subject to approval by regulatory authorities and Community Bank shareholders.     Completion is expected within the next year, it said.  Reuter 3;
19870409	COMDATA <CDN> GETS MERGER FINANCING Comdata Network Inc said it has received a letter from Drexel Burnham Lambert Inc stating that, subject to conditions, the company could raise up to 235 mln dlrs in debt securities to finance the previously announced merger of a newly formed corporation controlled by <Welsh, Carson, Anderson and Stowe IV> and Comdata.     Comdata said the letter was in accordance with the previously announced terms with Welsh, Carson.  Reuter 3;
19870409	COMINCO <CLT> TO FORM EXPLORATION UNIT Cominco Ltd said it is forming a new publicly held company, Cominco Resources International Ltd, to continue exploration and development of its mineral holdings outside Canada, Alaska and Australia.     Cominco will maintain a majority position in the company, but the remaining interest will be sold in offerings led by Wood Gundy Inc and First Marathon Securities Ltd in Canada, and S.G. Warburg Securities and Wood Gundy Inc internationally.     Cominco said it is filing a preliminary prospectus with securities regulators in all Canadian provinces.                             Reuter 3;
19870409	COMMONWEALTH EDISON <CWE> FILES DEBT OFFER Commonwealth Edison Co filed with the Securities and Exchange Commission for the sale of 375 mln dlrs in first mortgage bonds.     It said the proceedings would be used to discharge or refund outstanding obligations.     No underwriter was named.  Reuter 3;
19870409	COMMUNITY BANK SYSTEM INC <CBSI> 1ST QTR NET Shr 46 cts vs 49 cts     Net 1,101,551 vs 831,398     NOTE: Share adjusted for two-for-one stock split in May 1986.  Reuter 3;
19870409	CONSENSUS SEEN ON TIN PACT EXTENSION The quarterly session of the International Tin Council (ITC) continued without formal agreement on an extension of the sixth International Tin Agreement (ITA), but delegates said it was apparent there was a general consensus the Agreement should be prolonged.     Some delegations are still awaiting formal instructions from capitals, but informally most have indicated they favour an extension, delegates said.     This afternoon's session was used by delegates to seek further clarification on some of the issues involved, and to discuss internal matters.     Some sources were optimistic a resolution on an extension could be passed tomorrow but others suggested a special session would be convened to adopt the resolution after the Association of Tin Producing Countries meeting April 14 to 16.     The full Council session resumes tomorrow at 1330 GMT after a European Community coordination meeting at 1100.  Reuter 3;
19870409	CONSUMERS POWER <CMS> TO REDEEM BONDS Consumers Power Co said it has 56 mln dlrs available to be used to redeem at par any 15 pct series first mortgage bonds that are not exchanged under an outstanding bond exchange program.     The utility on March 17 offered to exchange its 15 pct first mortgage bonds due March 1, 1994 for a new series of first mortgage bonds, 9-1/4 pct due April 1, 1997. The offer will expire April 14, 1987.  Reuter 3;
19870409	CONTI SHARES OPEN HIGHER ON GOOD NEW TYRE REVIEWS Shares of Continental Gummi-Werke AG <CONG.F> opened eight marks stronger in an otherwise mixed Frankfurt market and dealers attributed the trend to favourable press reports about a new tyre system the company is developing.     The shares later eased to 344.50.     A spokesman for the West German Automobile Association, ADAC, said the ADAC magazine in a recent edition described advantages of the new tyre.  REUTER 3;
19870409	COUPON CUT ON BANK OF TOKYO DOLLAR CONVERTIBLE The coupon on the 100 mln dlr, 15-year, convertible eurobond for the Bank of Tokyo Ltd has been cut to 1-3/4 pct from the two pct initially indicated, lead manager Bank of Tokyo International Ltd said.     The foreign exchange rate has been set at 146.40 yen to the dollar but details of the conversion price were not immediately available.  REUTER 3;
19870409	COUPON CUT ON BANK OF TOKYO SWISS FRANC ISSUE The coupon on the Bank of Tokyo Ltd's 100 mln Swiss franc convertible has been cut to 7/8 pct from the indicated 1-1/4 pct, lead manager Swiss Bank Corp said.     The conversion price has been set at 1,590 yen, the same as today's close.     The exchange rate has been set at 96.84 yen to the franc.     Payment is due April 30. The conversion period is from May 20, 1987 until September 20, 1992.  REUTER 3;
19870409	CRAY <CYR> GETS 6.6 MLN DLRS ORDER FROM BP <BP> Cray Research Inc said British Petroleum ordered a CRAY X-MP/24 supercomputer valued at about 6.6 mln dlrs.     The leased system will be installed at BP Exploration Co Ltd's London headquarters in the fourth quarter of 1987, pending export license approval, it said.     The CRAY X-MP/24 will replace a CRAY X-MP/12 supercomputer in operation since 1985, it added.     Separately, the company said that a CRAY X-MP/24 system valued at 8.5 mln dlrs was installed at Lockheed Missiles and Space Co.  Reuter 3;
19870409	CREDIT NATIONAL ISSUES BILLION FRANC CONVERTIBLE Credit National is issuing a one billion franc convertible bond issue in two tranches both paying 8.50 pct and in 5,000 franc units, lead managers Caisse Nationale de Credit Agricole, Union de Garantie et de Placement and Morgan et Cie said.     Both tranches will be redeemable at the end of their lives and both have a payment date of April 27.     One seven year tranche will be priced at 99.94 pct. Each bond will be convertible on a one-for-one basis for a 8-1/2 year, 8.50 pct bond priced at 98.76 pct, redeemable at the end of its life.     This bond will pay a first coupon of 4.25 pct on April 27 next year and the payment date will be October 27, 1987.     A 13-year tranche, priced at 97.74 pct, will also be convertible until October 10, 1987 on a one for one basis for a 8.50 pct, 10-1/2 year year bond priced at 98.08 pct.     This bond will pay a first coupon of 212.50 francs on October 27 next year and the payment date will be October 27 this year.  REUTER 3;
19870409	CRUDE OIL NETBACKS UP SHARPLY IN EUROPE, U.S. Crude oil netback values in complex refineries rose sharply in Europe and firmed in the U.S. last Friday from the previous week but fell sharply in Singapore, according to calculations by Reuters Pipeline.     The firmer tone to refining margins in Europe and the U.S. relected higher prices for petroleum products, particularly gasoline, and support from crude oil prices.     Netback values for crude oil refined in Northern Europe rose substantially following strong gains in gasoline prices there. Brent is valued at 19.45 dlrs, up 56 cts a barrel or three pct from the previous week.     In the U.S. Gulf, sweet crudes rose in value by 14 cts to 19.33 dlrs for West Texas Intermediate, up about 0.7 pct.     Sour grades in the U.S. Gulf showed an increase of 33 cts a barrel for Alaska North Slope, up 1.7 pct.     But netbacks for crude oil refined in Singapore fell sharply, down 15 cts to as much as 68 cts a barrel as ample distillate supplies weighed on petroleum product prices.     Attaka in Singapore is valued at 18.55 dlrs, a decline of 68 cts a barrel or 3.5 pct from the previous week.     For refineries in the Mediterranean, netback values were mostly lower, with declines of seven to 14 cts. The value of Kuwait crude fell 14 cts to 18.37 dlrs, while Iranian Light fell 11 cts to 19.14 dlrs.     On the U.S. West Coast, netback values for ANS CIF L.A. also jumped sharply, up 40 cts a barrel or 2.2 pct to 18.82 dlrs on higher gasoline prices.  Reuter 3;
19870409	DAYTON HUDSON <DH> MARCH SALES OFF 4.9 PCT Dayton Hudson Corp said retail sales for the five weeks ended April Four were 791.8 mln dlrs compared to 755.6 mln dlrs a year ago. On a comparable store basis, it said sales declined 4.9 pct.     Sales for the nine months were 1.39 billion dlrs, up from 1.26 billion dlrs in the same 1986 period. On a comparable store basis, the sales rose 1.2 pct.  Reuter 3;
19870409	DEKALB CORP <DKLBB> 2ND QTR FEB 28 NET Shr 20