IN BRIEF.VALLEY INDEX FALLS: Shares of companies in the Daily News Index were mostly lower Tuesday, led by Westlake Village's K-Swiss Inc. and Studio City's Jerry's Famous Deli Wikipedia is not the place for advertisement or self-advertising. Jerry's Famous Deli is a Los Angeles-based delicatessen famous for its huge menu, which boasts over 700 deli and traditional food items. Inc. K-Swiss dropped $4.75 to $52.675. Jerry's fell 9.375 cents to $1.28125. - Daily News SUN RISES: Sun Country Airlines, a former charter carrier, said Tuesday it has started offering scheduled, daily, nonstop service from Los Angeles Los Angeles (lôs ăn`jələs, lŏs, ăn`jəlēz'), city (1990 pop. 3,485,398), seat of Los Angeles co., S Calif.; inc. 1850. to Minneapolis/St. Paul, Minn. One-way fares are $149.The airline's fleet includes DC-10-15s and 727-200s. Sun Country Airlines was established in 1983 and is headquartered in Mendota Heights, Minn. - Daily News DONE DEAL: Guitar Center Inc. announced Tuesday the completion of the previously announced merger with Musician's Friend Inc. in a stock-for-stock transaction. Agoura Hills-based Guitar Center issued nearly 2 million new shares to Musician's Friend shareholders and assumed about $18.4 million in debt for a total transaction value of about $48.3 million, based on Guitar Center's Friday closing stock price of $15.25. - City News Service UP DRAWBRIDGE drawbridge: see bridge. : Van Nuys-based filtration system maker Puroflow Inc. said its board of directors has adopted a shareholders rights plan to protect it from a possible hostile takeover Hostile Takeover A takeover attempt that is strongly resisted by the target firm. Notes: Hostile takeovers are usually bad news, as the employee moral of the target firm can quickly turn to animosity against the acquiring firm. by minority shareholder Steel Partners, a New York New York, state, United States New York, Middle Atlantic state of the United States. It is bordered by Vermont, Massachusetts, Connecticut, and the Atlantic Ocean (E), New Jersey and Pennsylvania (S), Lakes Erie and Ontario and the Canadian province of hedge fund hedge fund, in finance, a highly speculative, largely unregulated investment device. Originating in the 1950s, the funds "hedge" by offsetting "short" positions (borrowing a security and then selling it at a higher price before repaying the lender) against "long" . Puroflow characterized Steel Partners as a ``corporate raider'' and said the firm's director, Warren Lichtenstein, has nominated several candidates for Puroflow board seats in opposition to candidates already nominated by the company. Puroflow will hold its annual meeting in August. - Daily News ROMAN DEAL: North Hollywood-based animator Film Roman has formed a partnership with MSH MSH melanocyte-stimulating hormone. MSH abbr. melanocyte-stimulating hormone MSH, n See hormone, melanocyte-stimulating. MSH melanocyte-stimulating hormone. Entertainment Corp., actress Jane Seymour and her husband, film director James Keach, to produce an animated program, ``This One 'N' That One,'' based on the adventures of Seymour's 3-year-old twin boys and their cats. The partnership plans on releasing direct-to-video projects. - Daily News |
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