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December 02, 1988 - Image 53

Resource type:
Text
Publication:
The Detroit Jewish News, 1988-12-02

Disclaimer: Computer generated plain text may have errors. Read more about this.

A Harvard business school
graduate, Biltis first went to
work for Steinberg's at age
20. At the time, he did not pic-
ture himself in the position
he now occupies.
"I was always ambitious. I
pictured myself high in an
organization," he says. ❑

Takeover Rumors
Make News



Rumors that A & P is plan-
ning a takeover of the
80-store Farmer Jack super-
market chain filled local
newspapers this week when
stock of Borman Inc. jumped
in unusually heavy trading
on Monday.
On Wall Street, speculators
suggested that the stocks
leaped as the chain was being
pursued by A & P.
Borman executives have
said they can't explain the
unusual trading. But any
takeover would need approval
of President Paul Borman,
whose family owns more than
50 percent of its voting stock.
On Tuesday, stock market
analysts said a hostile
takeover of Michigan's largest
grocery store chain is unlike-
ly. Borman Inc. stock on Tues-
day fell 75 cents to $12 a
share after rising $2.50 in
heavy trading during the
previous two days.

WE BOUGHT
!TALL. AND WE'RE
SELLING
IT ALL FOR
40%TO /0%
OFF!

IT'S THE 1989 NORTH CAROLINA SHOWROOM FROM
AMERICA'S LEADING CONTEMPORARY UPHOLSTERY MAKER.

Steinmetz
Named Director

Allan Steinmetz has been
named director of marketing
worldwide for the ACTCOM
Worldwide, Young Rubicam's
action communications
company.
Steinmetz will be responsi-
ble for integrating the
marketing activities and

dIP

BIG They're the newest, most up-to-
DEAL date furnishings straight from

the Selig showroom. It's the
1989 line upholstered in tapestries,
leathers, wovens, prints and solids.
Hurry, they're one-of-a-kind show-
room samples! So new, you can't find
them in other stores. But you can save
40% to 70%* on the entire line at
Gorman's Furniture Clearance Center.

And there's more — customer cancel-
lations, slightly injured merchandise,
floor samples and dozens of clearance
items. All of them marked from 40 % to
70% off...including dinettes, sofas,
bedding, dining rooms, wall units,
sleep-sofas, bedrooms, entertain-
ment units, chairs and
occasional tables.

Thursday • Friday • Saturday • Sunday

Allan Steinmetz

assessing business oppor-
tunities for ACTCOM
Worldwide's component corn-
panies, then marketing those
services to Y&R clients and
prospective clients.

IMMEDIATE DELIVERY!

Nominal charge for delivery.

Phone: 357-7774 • Open 4 Days:
Thurs. & Fri. Noon-9pm
Sat. & Sun. Noon-5:30pm
© 1988 Gorman's

C7ORMEKS
FURNITURE
CLEARANCE
CENTER

THE QUALITY
YOU EXPECT AT A
PRICE YOU DON'T.

• Percentages off comparable values.

THE DETROIT JEWISH NEWS

53

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