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BUSINESS
December 6, 1996 | Times Staff and Wire Reports
A merger agreement with Henkel was unanimously approved by Loctite Corp.'s board, five weeks after the German company unveiled a proposal to buy Loctite for $56 a share. The companies said they agreed to a deal in which Dusseldorf-based Henkel will acquire the 65% of Loctite it does not already own for about $1.3 billion, or $61 in cash per share. One of the conditions that Loctite had required was that its Hartford, Conn., headquarters remain open for at least two years.
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BUSINESS
December 6, 1996 | Times Staff and Wire Reports
A merger agreement with Henkel was unanimously approved by Loctite Corp.'s board, five weeks after the German company unveiled a proposal to buy Loctite for $56 a share. The companies said they agreed to a deal in which Dusseldorf-based Henkel will acquire the 65% of Loctite it does not already own for about $1.3 billion, or $61 in cash per share. One of the conditions that Loctite had required was that its Hartford, Conn., headquarters remain open for at least two years.
BUSINESS
November 7, 1996 | Times Staff and Wire Reports
Shareholders of Nynex Corp. overwhelmingly approved the regional phone company's proposed $23-billion marriage with Bell Atlantic Corp. . . . German chemicals maker Henkel launched a hostile tender offer to buy the 65% of Hartford, Conn.-based Loctite Corp. shares it doesn't own for more than $1.1 billion. . . . Police in Paris shut down the Hard Rock Cafe for two weeks, saying it had imported beef from Britain in defiance of a ban imposed due to the "mad cow disease" scare.
NEWS
July 3, 1991 | LYNN SIMROSS
Just in time for summer barbecues is Kingsford's Charcoal Starter Chimney, an alternative way to start your back-yard grills without lighter fluid. Kingsford, the Oakland manufacturer of charcoal briquets, sells the galvanized steel chimney (suggested retail, $9.99) in groceries in Los Angeles, Orange, Riverside and San Bernardino counties. Although chimney starters have been available for a few years, Kingsford's is new to the market.
NEWS
March 30, 1989 | LYNN SIMROSS
Lift Off, a non-fluorocarbon aerosol cleaner employed industrially and commercially for two years, now is available for household use. Inventor Gregg Motsenbocker of San Diego formulated the cleaner as a chemical spray to remove stickers from grocery or hardware packages on which prices are changed often. Then he found that Lift Off not only removed adhesive but candle wax, chewing gum, lipstick, crayon and pencil marks as well.
BUSINESS
September 4, 1994 | JAMES FLANIGAN
Is the glass half empty or half full this Labor Day? That depends. If American business were asked, the answer would emphatically be full. U.S. companies are confidently competitive again, both at home where they are modernizing constantly and overseas, where U.S. firms lead the world in investment once more. Actually they are joining a trend. Global investment from all countries is rising after a two-year decline, the United Nations reports.
BUSINESS
April 9, 1992 | TOM PETRUNO, TIMES STAFF WRITER
A 94-point plunge in the Dow Jones industrial average over the last two days--coinciding with the Japanese stock market's latest free fall--is raising fears that the two markets have suddenly become locked in a vicious downward spiral. Yet, so far, the only connection between the two market slumps appears to be psychological. Beyond that, the problems pressuring American stocks are far less onerous than those battering Japanese shares, and so are expected to disappear much more quickly.
BUSINESS
November 7, 1996 | Times Staff and Wire Reports
Shareholders of Nynex Corp. overwhelmingly approved the regional phone company's proposed $23-billion marriage with Bell Atlantic Corp. . . . German chemicals maker Henkel launched a hostile tender offer to buy the 65% of Hartford, Conn.-based Loctite Corp. shares it doesn't own for more than $1.1 billion. . . . Police in Paris shut down the Hard Rock Cafe for two weeks, saying it had imported beef from Britain in defiance of a ban imposed due to the "mad cow disease" scare.
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