SHARP ABANDONS HOSPITAL JOINT-VENTURE PLAN
Date: 22 February 1997
Sharp Healthcare, nonprofit hospital chain, backs out of joint-venture agreement with Columbia/HCA Corp; California Atty Gen Daniel E Lungren challenged deal, which would have added four hospitals to Columbia chain; Lungren maintains that Columbia would be underpaying for its share of Sharp's assets (S)
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PLACER DOME CANCELS BID TO TAKE OVER BRE-X MINERALS
Date: 21 February 1997
Placer Dome Inc cancels takeover bid, valued at $6.74 billion (Canadian), or $5 billion (US), for Bre-X Minerals Ltd (S)
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JACOR SELLING INVESTMENT IN NEWS CORPORATION
Date: 22 February 1997
Jacor Communications Inc will sell investment in News Corp for $44.9 million and use money to buy radio station (S)
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ARCHER DANIELS COMPLETES DEAL FOR GRACE'S COCOA UNIT
Date: 22 February 1997
Archer Daniels Midland Co completes its purchase of W R Grace & Company's cocoa business for about $470 million in cash and assumed debt (S)
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APARTMENT INVESTMENT AGREES TO BUY 53% STAKE IN NHP
Date: 21 February 1997
Stock of NHP Inc soars more than 29 percent after Apartment Investment and Management Co agrees to buy 53 percent stake in the company for $138 million in cash and stock (S)
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AMERICAN SAYS PILOTS' DISPUTE WILL DELAY PLANE ORDER
Date: 21 February 1997
American Airlines, principal subsidiary of AMR Corp, will delay deliveries of first of more than 100 planes ordered from Boeing Co because of dispute with its pilots' union; delay could affect as many as 25 aircraft scheduled for delivery beginning in early 1998, mostly 737's; total order, worth about $6 billion, was to be delivered between 1998 and 2002 but is contingent upon American's obtaining a contract with pilots (S)
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MAFCO HOLDINGS TO BUY MAFCO CONSOLIDATED SHARES
Date: 22 February 1997
Mafco Holdings will buy 15 percent of Mafco Consolidated Group that is held by public and take full control of cigar maker; Mafco Holdings will pay $33.50 a share, or $114 million, for Mafco Consolidated (S)
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PHYSICIAN CORPORATION STOCK DROPS 44 PERCENT
Date: 22 February 1997
Shares of Physician Corp of America fall 44 percent after company announces it will take $80 million fourth-quarter charge that would jeopardize its pending purchase by Sierra Health Services Inc (S)
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TENTATIVE AGREEMENT REACHED IN AUTO WORKERS' STRIKE
Date: 21 February 1997
Johnson Controls Inc reaches tentative contract with United Auto Workers union, bringing end to 24-day strike that disrupted production at Ford Motor Co; contract covers about 500 workers at seat assembly plants in Plymouth and Oberlin, Ohio (S)
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UNITED GRAIN REJECTS HOSTILE TAKEOVER BID
Date: 22 February 1997
United Grain Growers Ltd rejects $172 million hostile takeover bid by Alberta Wheat Pool and Manitoba Pool Elevators, calling offer 'totally inadequate' (S)
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