Nestle S A

A private consumer watchdog group threatened Tuesday to revive a boycott against the Swiss food conglomerate Nestle S.A. unless it stops supplying hospitals in Third World countries with free infant formula. Janice Mantell, executive director of the Action for Corporate Accountability, gave the corporation until Oct. 4 to comply.

The Walt Disney Co. is expected to announce today that the Anaheim Arena will officially be called the Arrowhead Pond of Anaheim as part of a sponsorship agreement reached with Arrowhead Water Corp. "The Arrowhead Pond of Anaheim will quickly become part of sports lexicon," Disney Chairman Michael Eisner says in a draft of a press statement expected to be released today. "This is a natural fit. Even the words Arrowhead and Pond sound as if they belong together."

The headquarters of Nestle USA, one of the largest buildings constructed during Glendale's office boom of the late 1980s, is reportedly being sold, although the food conglomerate's 1,500 employees are expected to stay. The 22-story, 525,000-square-foot building at 800 N. Brand Blvd. is co-owned by Nestle USA and Dallas-based Lincoln Property Co.

Carnation Co., which last week received a green light from the government to proceed with its merger with the giant Swiss conglomerate Nestle S.A., said its president, Timm F. Crull, will assume the additional duties of chief executive. He succeeds H. Everett Olson, 78, who will continue as chairman until he retires Dec. 31. The change at the Los Angeles-based food company is effective Feb. 1.

The Federal Trade Commission said Friday that it had unconditionally approved Nestle S.A.'s $3-billion acquisition of Carnation Co., clearing the way for what will become the largest non-oil merger in history. The approval, by a 4-1 vote, now allows Nestle, a giant Swiss-based food conglomerate, to complete its $83-a-share cash tender offer begun last Sept. 5 for all outstanding shares of Los Angeles-based Carnation, a diversified food company specializing in dairy, pet and container products.

Former Carnation Co. shareholders filed a class-action suit Friday against Ivan Boesky and Martin Siegel, claiming they depressed the company's stock price and traded on inside information before it was acquired. Charles Taplin, a Carnation shareholder, filed suit in U.S. District Court on behalf of himself and all other Carnation stockholders who sold their stock on the open market between July 3, 1984, and Sept. 4, 1984. During that period, Siegel was a vice-president of Kidder, Peabody & Co.

Diedrich Coffee Inc. said it sold 2.2 million common shares of stock Thursday for $9.50 per share, which is below the price range that the Irvine-based coffee chain had anticipated for its initial public offering. The company, which was family owned, had expected the stock to be offered at $10.50 to $11.50. The offering generated $20.9 million instead of anticipated proceeds of up to $25.3 million. The stock also began trading Thursday, advancing $1 during the day to close at $10.

A state appeals court Tuesday reversed a $58-million judgment against Los Angeles-based Farmers Insurance Group in a bad-faith lawsuit brought by Surgin Surgical Instrumentation Inc., a small Tustin company. A three-judge panel for the 4th District Court of Appeal in Santa Ana ruled that the big insurance company wasn't properly notified of its potential liability in the lawsuit.

Carnation Co., which became part of the Swiss food conglomerate Nestle S.A. earlier this year, Friday announced a host of promotions in connection with a major restructuring of management. Chief Executive Timm F. Crull said in a prepared statement that the appointments "capitalize on the strengths of our people and organization and will make Carnation a stronger entity in the food industry in the years ahead." Richard N.