Di Giorgio Corp

Bergen Brunswig Corp. said it has completed its acquisition of Los Angeles Drug Co., a major West Coast pharmaceuticals distributor, for about $40 million in cash. The exact purchase price is dependent on a still-to-be-completed valuation of the company. The acquisition is Orange-based Bergen Brunswig's sixth in the past two years and adds four California warehouses to the medical supplies and consumer electronic equipment company's network of more than 100 national distribution centers.

Di Giorgio Corp., a food distributor and building materials company, has rejected a $153-million takeover bid by New Jersey investor Arthur Goldberg, the company said Tuesday. In a two-sentence letter to Goldberg dated Monday, Di Giorgio Chairman Peter Scott declared that "the company is not for sale" and said the board was not interested in negotiating with Goldberg. Goldberg, who owns 14.1% of Di Giorgio's common stock, offered $30 a share for the company June 7. At the time, he said the price represented a "significant premium" over what the stock would be worth if it was not surrounded by takeover rumors.