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truvv-
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1997 BMW 740i
KUDOS page 64
A step-by-step review of Michi-
gan construction lien law will
be presented at a seminar, 8 a.m.-
noon Wednesday, Feb. 19, at the
Building Industry Association
headquarters, 30375 Northwest-
ern Hwy., Farmington Hills. To
register, call (810) 737-4477.
The International Business
Forum will host the consul gen-
eral of India, speaking on "Doing
Business in India," 11:30 am.-1:30
p.m. Wednesday, Feb. 19, at the
Fairlane Club. For reservations,
call (313) 479-2345.
The Jewish Community Center
of Metropolitan Detroit will offer
a business workshop titled How
To Market on the Internet,
7:30-9:30 p.m. Thursday, Feb. 20,
at Maple-Drake. For reservations,
call (810) 661-7711.
The Women's Advertising
Club of Detroit will hold its first
Past Presidents Open Discussion,
11:30 a.m. Tuesday, Feb. 25, at
Picano's Restaurant in Troy. For
reservations, call (810) 816-0588.
4R N AN W h iag
The Michigan Association of
Personnel Services will hold a
gathering Friday, Feb. 28 and
Saturday, March 1, at the Kings-
ley Hotel in Bloomfield Hills.
LEASE
Oakland Community College will
offer free transition seminars
for adults thinking about their fu-
tures. Sessions will be held 6-8:30
p.m. Thursdays staring March 6
at the OCC Auburn Hills Cam-
pus. To reserve, call (810) 340-
6802.
'749*fflo.
The American Academy of Mat-
rimonial Lawyers will hold an ad-
vanced level family law
seminar all day Friday, Apri118,
. at the Radisson Plaza Hotel. To
register, call (810) 258-0800.
(List Price $63,945)
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tional. A security deposit of $800.00, 10,000 miles per year limit, 15 cents per mile over limit. Option to purchase at lease end of $44,761.50. Total pay-
ments equal to ad price + 6% x 27. Vehicles subject to availability and may need to be ordered. Scheduled Maintenance provided by BMW of North
America. Sale ends Feb. 28, 1997.
FDA Approves
Two Teva Drugs
Jerusalem (JPFS) — The United
States Food and Drug Adminis-
tration has given approval for
Teva Pharmaceutical Industries
Ltd. to market and sell its drugs
for Wilson's and Parkinson's dis-
ease, the company said.
The FDA approved Teva's
Galzin drug, an original drug de-
signed to treat people suffering
from Wilson's disease, a rare, in-
herited disorder that causes cop-
per to accumulate in the liver and
can lead to neurological disorders
and death.
Galzin is Teva's second original
drug to receive FDA approval. Co-
paxone, Teva's multiple sclero-
sis drug, received approval at the
end of 1996.
The FDA also approved Se-
legiline, a generic version of El-
depryl, which treats Parkinson's
disease, a progressive nervous dis-
order that causes muscle tremors
and stilted movement in the el-
derly.
Africa Israel
Invests Overseas
Jerusalem (JPFS) —Africa Israel
intends to soon launch its first-
ever overseas investments, in real
estate and industry, in eastern
Europe and Mediterranean coun-
tries, the holding company's new
owner and chairman Lev Levayev
announced.
Several months ago diamond
merchant Mr. Levayev won a ten-
der to purchase a 54 percent con-
trolling stake in Africa Israel
(excluding the insurance holdings)
for $186 million. Bank Leumi
was the seller.
Heineken Buys
Tempo Stock
Jerusalem (JPFS) —Dutch-based
brewer Heineken has received an
option to purchase 42.5 percent of
Tempo Beer Industries for $42.1
million, Tempo informed the Tel
Aviv Stock Exchange.
Tempo is one of Israel's leading
beverage manufacturers and a
market leader in the beer field.
The company, which had a
sales turnover of about $500 mil-
lion last year, holds an exclusive
marketing concession for
Heineken beers in Israel and is
also a major supplier of soft
drinks, including Pepsi.
According to the agreement,
Moshe Podhorzer, one of the con-
trolling shareholders, has grant-
ed Heineken or members of the
Bar-Bornstein Group, which con-
trol Tempo, an option to purchase
his shares in the local beer pro-
ducer.
The agreement puts an end to
the three-year dispute between
the controlling shareholders in
Tempo, which started after com-
pany founder Moshe Bornstein
died.
Under the agreement, Mr. Pod-
horzer's shares will eventually be
sold to Heineken, even if the Bar-
Bornstein Group exercises its op-
tion. Exercise of the option by the
Bar family is subject to the fami-
ly's sale of the shares to Heineken
within 90 days, as of Feb. 3, 1997.
Sources close to the company ex-
pect Tempo to be split into two
companies after Heineken turns
into a controlling shareholder. The
first company will focus on the
beer market, while the other will
be active in the soft drinks mar-
ket, specifically Pepsi.
Pepsi International holds an
option to acquire 50 percent of
Tempo's soft . drink company's
shares. Market sources expect
Pepsi to exercise its option after
the Heineken-Podhorzer deal is
closed.
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