Burlington Northern raises offerCompeting with a hostile...

BUSINESS DIGEST

October 28, 1994

Burlington Northern raises offer

Competing with a hostile bid by the Union Pacific Corp., Burlington Northern Inc. raised its stock swap offer yesterday to acquire the Santa Fe Pacific Corp. to $3.25 billion, from the original $2.7 billion, when the merger was announced on June 30.

Burlington Northern is now offering Santa Fe's shareholders 34 percent of one Burlington Northern share, or $17.17, based on the closing price of Burlington Northern's stock on Wednesday. Initially, Burlington Northern offered 27 percent of a share, or $13.64.

AlliedSignal earnings up 15%

AlliedSignal Inc. yesterday reported a 15 percent rise in third-quarter earnings, fueled by improved operating profit at its aerospace unit, which includes a plant in Towson.

Net income rose in the latest quarter to $189 million, or 67 cents a share, from $165 million, or 58 cents, in the year-ago quarter. Revenue totaled $3.11 billion, up 11 percent from $2.81 billion. The aerospace unit posted record profits of $64 million in the third quarter, up from $58 million.

Lockheed gets missiles order

Lockheed Corp.'s missiles and space division has received an $851.7 million Navy order for fiscal 1995 production of the Trident missile. The money will fund work for the U.S. Navy and for the United Kingdom's navy.

Lockheed, which has agreed to merge with Bethesda-based Martin Marietta Corp., said its Sunnyvale, Calif.-based division will make the submarine-launched nuclear missiles.

Youth Services buys Parc Place

Youth Services International Inc. of Owings Mills said it has acquired Parc Place L. P., a Phoenix provider of adolescent treatment services, for $600,000 in cash and the assumption of Parc Place debt totaling $100,000.

Parc Place provides residential and day care treatment to

adolescents suffering from chemical dependency and other conditions.

Newspaper Guild, CWA may merge

The Newspaper Guild, which represents 35,000 reporters, editors, newspaper deliverers and advertising salespeople, said yesterday that it reached a tentative agreement to merge with the Communications Workers of America (CWA).

The guild, founded in 1933, represents about 1,800 workers in the Baltimore-Washington area, including 700 at The Baltimore Sun Co. Charles Dale, president of the guild, said the merger was needed to give the union more clout in negotiating with larger media chains. The CWA represents about 600,000 telecommunications, broadcasting and publishing workers.

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