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BRIEFLY

Barris said it may raise its stake in Reeves.

July 16, 1987

Barris Industries, a Beverly Hills-based television producer that owns a 5.27% stake in Reeves Communications, said in a filing with the Securities and Exchange Commission that it is seeking antitrust approval to increase its holdings to more than 15%. In the filing, Barris said it holds its Reeves stock as an investment but may seek to acquire New York-based Reeves through a transaction such as an exchange offer, tender offer or merger. Giant Group owns 25.2% of Barris' common stock.

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