Waverly to buy foreign publisherWaverly Inc. in Baltimore...

BUSINESS DIGEST

June 16, 1993

Waverly to buy foreign publisher

Waverly Inc. in Baltimore has agreed in principle to acquire the companies that make up Editorial Medica Panamericana, a Buenos Aires, Argentina-based publisher of Spanish-language medical books.

Financial terms were not disclosed, but the company said the purchase price would be paid with a combination of cash and common stock. The company had sales of $12 million last year.

BioWhittaker in Army contract

BioWhittaker Inc. in Walkersville received a three-year contract to produce a botulism antitoxin for the U.S. Army. The contract is expected to generate about $4 million to $5 million in sales for the company over a three-year period.

LNG terminal reopening planned

Columbia LNG Corp., the owner of the mothballed Cove Poin liquefied natural gas terminal, said it has received enough interest to continue its efforts to resurrect the operation.

The company, a unit of Columbia Gas System Inc. of Wilmington, Del., said it hoped to reopen the terminal in early 1995.

Duratek lands 2 contracts

GTS Duratek Inc. in Columbia announced two recent contracts totaling more than $900,000 to conduct waste management studies.

Fernald Environmental Restoration Management Co. granted Duratek a contract worth $690,000. Martin Marietta Corp.'s energy systems unit awarded Duratek a contract valued at $245,000.

Atlanfed announces dividend

Atlanfed Bancorp Inc. in Baltimore said its board declared a quarterly cash dividend of 9 cents a share, to be paid July 15 to stockholders of record June 30. The company, parent of Atlantic Federal Savings Bank, previously announced a 5-for-4 stock split to be paid June 25 to stockholders of record June 8.

The 9-cent dividend, combined with the additional shares, would result in an increase in the cash dividend by 12.5 percent compared with the previous quarter.

GE wants better NBC press

NBC has had enough. The network has taken enough abuse in the press in the past couple of years for dropping to third place in the ratings, for badly botching a story by one of its newsmagazine shows and for losing David Letterman.

Now it is asking the press to ease up. General Electric Co., NBC's parent, issued a statement today asking journalists to stop using the words "beleaguered" and "embattled" in their stories when referring to the network. GE said it believed the words might actually be programmed into journalists' word processors.

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