Advertisement

BRIEFLY

March 20, 1986

Pacific Lighting, Los Angeles, said it has agreed to sell an additional 1 million shares of its common stock at a net price to the company of $52 a share . . . The board of directors of Aloha Inc., parent company of Aloha Airlines, announced its unanimous decision not to consider an unsolicited merger proposal from CNS Partners . . . The merger of Pacific Gas Transmission with its corporate parent, Pacific Gas & Electric, will become effective Friday . . . Brazil's airline, Viacao Aerea Rio Grande (VARIG), said it has ordered six Boeing 767-ER airliners worth about $400 million . . . Moody's Investors Service said it has lowered the rating on $1.5 billion of Beatrice Cos. debt to speculative grade . . . Japan Air Lines and Delta Air Lines said they have entered into a joint marketing agreement.

Advertisement
Los Angeles Times Articles
|
|
|