Newspaper article St Louis Post-Dispatch (MO)

Morning Briefing

Newspaper article St Louis Post-Dispatch (MO)

Morning Briefing

Article excerpt

Ghirardelli Goes To Marshmallows

Ghirardelli Chocolate Co., the upscale sweet maker and a San Francisco tourist mainstay, has changed hands for the third time in 10 years.

The company said Monday it has been bought by Hicks, Muse, Tate & Furst Inc., a Dallas investment company that owns the Campfire Marshmallow business. The price wasn't disclosed.

Ghirardelli, founded in 1852, has been owned by the Boston venture capital firm of Thomas H. Lee Co. since 1992, when Lee acquired the company from Quaker Oats Co., which acquired it from the De Domenico family in 1986.

Associated Press

GM Has A Lot Riding On New Opel Minivan

General Motors Corp. touts its new Opel Sintra minivan in Europe this week, starting a new effort to carve a bigger piece of a U.S. market segment that has been dominated by Chrysler Corp.

The Sintra, built by GM in Doraville, Ga., is a preview of its U.S. cousins - the Chevrolet Venture, Pontiac Trans Sport and Oldsmobile Silhouette. They will show up late this year as replacements for GM's long-nosed, plastic-bodied APV compact vans, which were derisively dubbed "dustbusters" or "anteaters" when they were introduced for the 1990 model year.

The new vans tadd many of the carlike qualities that have kept Chrysler on top of the market more than a decade.

Associated Press

Furniture Brands Raises $81 Million

Furniture Brands Inc. raised $81.9 million through a stock offering that generated strong investor interest.

Furniture Brands, which had been known until Friday as Interco Inc., sold 10 million shares of common stock at $8.62 1/2 a share. The company originally offered to sell 8.75 million shares, to raise money for debt repayment.

The company's stock now trades under the symbol "FBN" on the New York Stock Exchange, where it closed Monday at $9.


Jones Medical Option

The American Stock Exchange and the Chicago Board Options Exchange said Monday they will trade options on the stock of Jones Medical Industries Inc. …

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