1991년 4월 11일 목요일 재생 중

BRIEFS

Date: 11 April 1991

* D R Holdings Inc., which owns Prime Computer Inc., said it did not receive the minimum $82 million principal amount related to its offer to buy up to $163.78 million principal amount of its 15 1/2 percent senior subordinated debentures due in 2002. * Designcraft Industries, New York, a maker of components for gold jewelry, said its Baker Fendt Corp. unit would sell its assets to Hoover Findings Inc., an affiliate of Hoover & Strong Inc., Richmond. The price was $6.9 million.

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NEWS SUMMARY

Date: 12 April 1991

INTERNATIONAL A3-8 President Bush said he had reached "total agreement" with European leaders on a plan to create informal refugee zones in northern Iraq where aid would be distributed to thousands of Kurds fleeing Iraq. Page A1 The mass exodus of Kurdish refugees is the result of an attempt by President Hussein to empty the northern regions of his country of unwanted minorities, government and military officials in Turkey charged. A6

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NEWS SUMMARY

Date: 11 April 1991

INTERNATIONAL A3-11 Thousands of Soviet workers rallied in Minsk, as Georgian leaders called for widespread strikes on the day after President Gorbachev proposed a moratorium on strikes and protests. Page A1 Many Kurdish refugees in Turkey, squatters on a harsh mountainous terrain, fear they are not going to make it. For them, rescue efforts have been hardly more than a chaos of promises. A1

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Security Pacific

Date: 12 April 1991

Reuters

The Tokyo branch of the Security Pacific National Bank lost about $18.2 million in speculative foreign exchange trading in March, a spokesman for the California bank said. The losses occurred after a dealer at the bank sold dollars when the United States currency was surging against European currencies, touching off losses on those positions, the spokesman said. The Los Angeles-based Security Pacific National Bank, a unit of the Security Pacific Corporation group, is the first foreign bank to report such huge losses in the Tokyo currency market, foreign exchange traders said.

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Synergen's Drug

Date: 12 April 1991

Reuters

Synergen Inc., a biological products company, said the Food and Drug Administration had granted orphan drug status to its SLPI product for treating cystic fibrosis and a congenital defect responsible for genetic emphysema. Orphan drug status provides market exclusivity for a product in the United States for seven years. It is meant as an incentive for companies to develop new drugs. Synergen stock rose $2.25 a share today, to $33, in over-the-counter trading.

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Chiron Acquisition

Date: 12 April 1991

The Chiron Corporation, a maker of medical products, said a subsidiary, Chiron Ophthalmic Inc., Irvine, Calif., had acquired a majority interest in Adatomed G.m.b.H. of Munich, Germany, a leading supplier of ophthalmic surgical products. Adatomed will remain under German management but will work closely with Chiron Ophthalmic to coordinate research and marketing between the United States and Europe, Chiron said. Terms of the deal were not disclosed. Adatomed employs 75 people and had 1990 sales of $6.7 million.

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Ball in Accord

Date: 12 April 1991

Reuters

The Ball Corporation, a packaging and aerospace concern, said it had signed an agreement with the lenders of Ball Packaging Products Canada Inc., its joint venture, to purchase their interest in the joint venture for $120 million. Included in the purchase were all of the bank loans and related security interests issued by Ball Canada, as well as all of Ball Canada's shares that had been pledged to its lenders. Ball shares added 12.5 cents on the New York Stock Exchange today, closing at $26.375.

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Toshiba Acquisition

Date: 11 April 1991

AP

The Toshiba Corporation of Japan said its American unit had acquired the Vertex Semiconductor Corporation, a maker of computer chips based in San Jose, Calif., for about $20 million. Toshiba said Vertex had proposed the acquisition to obtain financing to develop its technology. Vertex, which was called Integrated CMOS Systems until last summer, will keep its name, management structure and line of business, Toshiba said.

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Cadence Design

Date: 11 April 1991

Reuters

Cadence Design Systems Inc., a maker of software for computer-aided design systems, said two shareholders had filed a class-action lawsuit contending that the company violated Federal securities laws in its public statements and financial reports in the first quarter of the year. Damages are not specified in the suit, the company said. Cadence, based in San Jose, said that it had not yet been served with the complaint, but that it had obtained a copy and thought it to be without merit and that it would contest. Cadence's shares gained 75 cents each on the New York Stock Exchange today to close at $26.125.

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Expansion Plan For Pathmark

Date: 12 April 1991

Reuters

The Supermarkets General Holdings Corporation said today that it would spend $385 million over the next three years to expand its Pathmark supermarket division. Supermarkets General also said it intends to sell its Purity Surpreme division in New England.

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