After Verdict, Trial Still Grips Denver
Date: 21 March 1997
By JAMES BROOKE
James BROOKE
Acquittal of German artist Jorg Peter Schmitz in accidental death of popular Rocky Mountain News columnist Greg Lopez has provoked mixed emotions in Denver; jurors rejected prosecution's contention that it was Schmitz who was behind wheel of sports car when it slammed at 110 miles hour into back of car driven by Lopez; Spicer Breeden, sports car's owner, was also in car at time of accident; he killed himself two days later (M)
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BERGEN BRUNSWIG TERMINATES MERGER DEAL WITH IVAX
Date: 21 March 1997
Bergen Brunswig Corp says it has terminated its agreement to acquire Ivax Corp and that it will sue Ivax for breaking terms of agreement; Ivax claims Bergen Brunswig unilaterally terminated pact 'without good cause' (S)
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CREDIT SUISSE FIRST BOSTON TO TAKE STAKE IN VOLPE
Date: 22 March 1997
Credit Suisse First Boston will take 25 percent stake in Volpe Brown & Whelan & Co, boutique investment bank specializing in technology and health care, to increase its business in those industries (S)
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C-PHONE STOCK UP AS CHAIN AGREES TO CARRY VIDEO PHONE
Date: 22 March 1997
Shares of C-Phone Corp soar almost 69 percent after company says it will begin retail sales of its $350 video phone by May 11, Mother's Day (S)
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HANSON TO BUY CONCRETE PIPE AND PRODUCTS OF RICHMOND
Date: 21 March 1997
Hanson PLC says its Cornerstone Construction and Materials Inc unit will acquire Concrete Pipe and Products Co for about $125 million, including assumption of undisclosed amount of debt (S)
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STATE REGULATORS SAID TO REJECT ENRON MERGER
Date: 21 March 1997
Staff of Oregon Public Utility Commission will recommend against planned purchase of Portland General Corp by Enron Corp, on grounds that Enron's offering of $61 million in cost savings and rate reductions does not offer sufficient benefits to meet statutory burden needed to approve transaction (S)
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GEOWORKS STOCK FALLS ON LOWER REVENUE FORECAST
Date: 22 March 1997
Investors abandon stock of Geoworks Inc after company, provider of cell phone operating systems, says its fourth-quarter revenue will be below expectations (S)
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A HUIZENGA COMPANY WILL BUY BOCA RATON RESORT
Date: 22 March 1997
Florida Panther Holdings Inc, company headed by H Wayne Huizenga, adds to its resort holdings by agreeing to buy Boca Raton Hotel and Club for $325 million in stock (S)
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IMO HIRES INVESTMENT BANKER TO STUDY SALE
Date: 22 March 1997
IMO Industries hires Credit Suisse First Boston to study options, including possible sale of company, to increase value of its stock and reduce debt (S)
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BORDEN TO SELL CRACKER JACK AND OTHER KEY PRODUCTS
Date: 21 March 1997
Borden Foods unit of Borden Inc is planning to sell some of its best-known products, including Cracker Jack, to concentrate on pastas and soup mixes; Douglas A Smith, Borden's chairman and chief executive, says operations being put up for sale represent half of company's $2 billion in annual revenue; Borden is owned by Kohlberg Kravis Roberts & Co (S)
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