إعادة الثلاثاء، ٢٦ ديسمبر ١٩٩٥

Brazil to Investigate Evangelical Church's Funds

Date: 26 December 1995

Reuters

Brazilian prosecutors said today that they would investigate allegations that a powerful evangelical church used drug money and tax fraud to accumulate wealth, but the allegations did not deter worshipers from donating at Christmas services. Through donations from an estimated 3.5 million followers in 34 countries, the church, called the Universal Kingdom of God, has accumulated news media and other business interests in Brazil since breaking away from the Pentecostal Church in 1977.

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COMPANY NEWS

Date: 27 December 1995

LESCO INC., Rocky River, Ohio, a lawn product company, has agreed to acquire Pro-Lawn, the lawn-care products division of Agway Inc., Syracuse, N.Y., a farm products company. The terms were not disclosed.

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NEWS SUMMARY

Date: 27 December 1995

International A2-9

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NEWS SUMMARY

Date: 26 December 1995

International A3-13

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COMPANY NEWS;DELUXE TO TAKE CHARGE FOR REORGANIZATION

Date: 27 December 1995

Bloomberg Business News

Bloomberg News

The Deluxe Corporation said yesterday that it might sell some businesses and product lines and close some plants under a revamping program that would result in a fourth-quarter charge of $60 million to $70 million. Deluxe, based in Shoreview, Minn., makes bank checks and software for the electronic transfer of funds. The company said the charge would reduce its 1995 earnings by 42 cents to 50 cents a share. Deluxe earned $40 million, or 49 cents a share, on revenue of $478.9 million in the fourth quarter of 1994. For the year, it earned $140.9 million, or $1.71 a share, on revenue of $1.75 billion. Deluxe said the changes would enable the company to cut about $100 million to $125 million a year in operating costs by the end of 1997.

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COMPANY NEWS;ARRIS PHARMACEUTICAL COMPLETES PURCHASE OF KHEPRI

Date: 27 December 1995

Bloomberg Business News

Bloomberg News

The Arris Pharmaceutical Corporation said yesterday that it had completed its acquisition of closely held Khepri Pharmaceutical Inc. in a stock transaction valued at about $30.2 million. Arris, a drug maker based in South San Francisco, said it would pay 1.4 million common shares now and make a second payment of 530,000 shares, subject to adjustment, on Dec. 30, 1996. Another 350,000 Arris shares are reserved for options, warrants and exchange rights. Shares of Arris rose $1.375, to $14.625, in Nasdaq trading. Arris said it would take a fourth-quarter charge of $20.5 million to complete the previously announced deal.

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COMPANY NEWS;CONSOLIDATED TECHNOLOGY TO MERGE WITH LEHIGH GROUP

Date: 27 December 1995

Dow Jones

Dow Jones

Consolidated Technology Group Ltd. said yesterday that it had agreed in principle to merge with Lehigh Group Inc. in a stock swap. Lehigh, a distributor of electrical supplies based in New York, said Consolidated shareholders would own about 75 percent of the combined company after the merger. The financial terms of the deal were not disclosed. A spokesman for Lehigh said the company had about 10.3 million shares outstanding, and that Consolidated Technology had about 24 million shares outstanding. Each company also has warrants that will be exercised before the merger and will affect the mix of outstanding shares. Consolidated Technology, based in Toronto, provides engineering, medical diagnostics and other services.

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FILM REVIEW;A Time Traveler With Bad News

Date: 27 December 1995

By Janet Maslin

Janet Maslin

Psychiatric patient claims to be time traveler. Evocative Gilliam nightmare.

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World News Briefs;Pakistan Accuses Afghan in Bombing

Date: 27 December 1995

AP

The police accused an Afghan today of planting the car bomb that killed 31 people in a busy marketplace in Peshawar last week. The police said the suspect, Abdul Matin, was working for the Afghan Government.

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COMPANY NEWS;DELSAN INDUSTRIES ACQUIRED BY OWENS-CORNING

Date: 27 December 1995

Bloomberg Business News

Bloomberg News

The Owens-Corning Fiberglas Corporation said yesterday that it had acquired Delsan Industries Inc., a privately owned maker of vinyl windows, patio doors and accessories. The financial terms were not disclosed. Delsan, based in St. Louis, had sales of $10 million for the fiscal year that ended March 31. Owens-Corning, a maker of glass fiber materials and other products based in Toledo, Ohio, said the acquisition was part of an effort to broaden its window-product line. Shares of Owens-Corning fell 87.5 cents, to $44.375, on the New York Stock Exchange.

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