Newspaper article St Louis Post-Dispatch (MO)

Morning Briefing

Newspaper article St Louis Post-Dispatch (MO)

Morning Briefing

Article excerpt

Mallinckrodt Buys Company In Cincinnati

Mallinckrodt Group Inc. said Monday it has acquired Liebel-Flarsheim Co. of Cincinnati, maker of equipment used in diagnostic imaging.

Mallinckrodt paid $75 million - including assumption of debt - for the company that had $59 million in sales for the fiscal year ended March 1995.

Liebel-Flarsheim makes injection systems for syringes used in injecting radioactive dyes for X-ray procedures. It also produces X-ray components and equipment for urology tests.


***** Harley-Davidson Will Feed `Hogs', Sell RV Unit

Harley-Davidson Inc. is selling its lackluster recreational vehicles business to begin focusing on its best-known and far more exciting product - its "Hog" motorcycles.

The Milwaukee firm said it will sell most of the assets of its Holiday Rambler recreational vehicles unit to Monaco Coach Corp. for about $50 million.

Investors cheered the decision. Harley-Davidson shares closed up $3.50 at $30.37 1/2.


***** Air Carrier Adds Quayle To Board

Amtran Inc. said former Vice President Dan Quayle has joined its board.

Quayle, who also serves on the boards of BTC Inc., FX Strategies Advisors Inc., Central Newspapers Inc. and American Standard Inc., will be paid $12,000 a year as an outside director, and $2,000 for each quarterly meeting he attends.

Indianapolis-based Amtran is the holding company for American TransAir Inc., which provides charter and selective scheduled airline service. Amtran shares closed Monday at $12.50, down 25 cents.


***** For Maybelline, Maybe It's L'Oreal

Maybelline Inc. directors on Monday recommended shareholders accept L'Oreal SA's sweetened $610 million buyout offer, which rival suitor Joh. …

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