BUSINESS
September 14, 1996 | Times Staff and Wire Reports
Ball-Foster Agrees to Buy Anchor Glass: Ball-Foster Glass Container Co. signed a letter of intent to buy struggling Anchor Glass Container Corp. for $365 million in what would create the largest U.S. maker of glass bottles. Anchor Glass, owned by Mexico's Vitro, also filed for Chapter 11 bankruptcy protection, clearing the way for it to restructure its $951 million in liabilities.