NEWS SUMMARY: THURSDAY, AUGUST 27, 1987
Date: 27 August 1987
LEAD: International A3-11
26. srpna 1987 bylo středa pod hvězdičkou ♍. Byl 237 den v roce. Prezidentem Spojených států byl Ronald Reagan.
Pokud jste se narodili v tento den, je vám 38 let. Vaše poslední narozeniny byly úterý 26. srpna 2025 před 306 dny. Vaše další narozeniny jsou středa 26. srpna 2026, za 58 dní. Žili jste 14 186 dní nebo přibližně 340 474 hodin nebo přibližně 20 428 479 minut nebo přibližně 1 225 708 740 sekund.
Date: 27 August 1987
LEAD: The REPH Acquisition Company, which bought the Republic Health Corporation last August, said that it was in default under certain bank credit agreements and was open to possible foreclosure proceedings. The company said that an extension previously granted by its lenders expired Tuesday and had not been renewed.
Date: 27 August 1987
Reuters
LEAD: The Emery Air Freight Corporation said it agreed to refinance the $129.9 million of bank debt it took on when it bought the Purolator Courier Corporation. It said it would raise $95 million through asset sales and other means and would get $45 million of pension fund assets by creating an employee stock ownership plan.
Date: 27 August 1987
LEAD: Philips Industries of Dayton, Ohio, a leading manufacturer of building components, has agreed to acquire the Dearborn Fabrication and Engineering Company of Detroit, a manufacturer of materials-handling equipment. The contract, which must be approved by Philips's board, Dearborn's shareholders and Federal regulators, is for an undisclosed sum that would be paid in cash and notes.
Date: 27 August 1987
Reuters
LEAD: Dickson Concepts Ltd., a local wholesaler and retailer of fashion products, watches and jewelery, agreed to acquire S. T. Dupont S.A. of France from the Gillette Company, Dickson's finance director, Joseph Wan, said today. Mr. Wan said the purchase of S. T. Dupont would complement the company's existing product lines.
Date: 26 August 1987
AP
LEAD: Allied-Lyons P.L.C., a major British food and beverage company, said today that it had sold its stake in the Bacardi Corporation for more than $:122 million, or about $197 million. Allied-Lyons acquired a 12 percent interest in Bacardi last year as part of its $:400 million takeover of the liquor division of Hiram Walker Resources Ltd.
Date: 27 August 1987
LEAD: Sears, Roebuck & Company, continuing its push into electronic retailing, said that it had signed an agreement with a cable television shopping subsidiary of the J. C. Penney Company to market a broad range of home products. Sears joins 30 other retailers in offering products on the unit, including Marshall Field & Company, Penney's and Spiegel Inc.
Date: 27 August 1987
LEAD: Rosewood Financial Inc., which made an unsuccessful $333 million bid for the Phillips-Van Heusen Corporation in July, said today that it had sold ''substantially all'' of the nearly three million shares it held in the apparel company.
Date: 26 August 1987
LEAD: Joel Labovitz, an investor based in Duluth, Minn., said that he expected to bid for the trade publishing operations of Harcourt Brace Jovanovich Inc., the publishing giant that is under heavy financial pressures as a result of its costly recapitalization program.