Page 2-Saturday, September 18, 1982-The Michigan Daily
Bendix and Marietta
clash in buying war
NEW YORK (AP) - Bendix Corp.
bought a controlling interest in Martin
Marietta Corp. yesterday and deman-
ded that Marietta's directors resign.
Undaunted, Marietta pressed its own
takeover bid for Bendix and predicted it
The confrontation put Bendix and
Marietta on a course that could result in
each company buying a majority stake
in the other - an outcome Wall Street
analysts said was unprecedented in a
takeover fight of major corporations.
No observer would hazard a guess as to
IF BOTH GUYS owned the other, it's
a dead certainty that legal en-
tanglements would follow," said
Wolfgang Demisch, who analyzes Ben-
dix stock for the investment firm of
As of yesterday, Bendix had pur-
chased a majority of Martin Marietta
stock, and hoped to place its represen-
tatives on the Marietta board before
Wednesday is the first day that Mar-
tin Marietta could begin buying Bendix
stock. Marietta, which made its move
after Bendix did, says it has received
offers to sell 75 percent of Bendix stock.
UNITED Technologies Corp., which -
has been backing Martin Marietta and
has made its own offer to buy Bendix,
has proposed a "friendly merger" with
Bendix. Bendix refused.
The merger battle already is before
several courts, with antitrust complain-
ts and hodgepodge of other claims
The fight is complicated by the
presence of United Technologies Corp.,
which earlier this month jumped in on
Marietta's side. Those two firms
agreed that United Technologies would
make a separate offer for control of
Bendix, and that the winner would sell
some of Bendix's assets to the loser.
UNITED Technologies said Friday it
was still supporting Marietta and was
studying its options in light of Bendix's
purchase of stock in Marietta, a leading
Some analysts said they expected
United Technologies to drop out, in part
because the Hartford, Conn. based
conglomerate with aerospace interests
made its offer contingent on Bendix not
Neither Bendix nor Marietta would
discuss the possible consequences of
their conflicting merger bids.
Although other major corporations
have threatened in the past to buy con-
trol of each other, one or the other or
both have backed down.
Johseph S. Phillippi, a securities
analyst at Dean Witer Reynolds, said
he had never seen a collision of merger
bids "on a scale like this" in 15 years on
Wall Street. "It would be a real mess,"
On Thursday, a federal judge in
Baltimore extended for 10 days the
dates on which the three companies
could begin buying any stock submited
in their offers. A few hours later,
however, a 4th U.S. Circuit Court of Ap-
peals judge overturned the ruling.
OCady Photo by EUIZABETH SC fl
it's full steam ahead for these workmen constructing the new train depot on
Depot Rd. Around which bend the finished product lies is unknown.
45 years for
MARYVILLE, Tenn. (UPI)- A
Michigan man arrested for allegedly
tryitig to fly a load of cocaine and
ma ijuana from Florida to Tennesseex
has'been sentenced to 45 years in prison
on drug charges.
"'THIS IS the biggest drug case we've
ever had," said Blount County, Tenn.,
Assistant District Attorney Steve
Hasins. "You have to realize that the
cocaine was 75 percent pure and there
was almost half a ton of marijuana.
"We don't get those amounts every
Craig Allen Blakely, a private con-
tranrfrom Big Rapids -Mich:; was-
foundlguilty yesterday of possession
wit Iintent to sell marijuana, and
BLAKELY, 33, was arrested March 9
at the McGee Tyson airport outside
x Knoxville. His alleged accomplice,
John Allen Ashley, 25, also of Big
Rapids, faced marijuana and cocaine
charges but the cocaine charge was
dropped when he agreed to testify
Blakely was sentenced to a
maximum penalty of two to five years
in prison plus a $3,000 fine for
possession of marijuana with intent to
sell or deliver. He was concurrently
sentenced to 45 years plus a maximum,
$20i/ Ifin.L fr. nnggssiL.n mrn: thJ
Israel smashes last
(Continued from Page1) nesday.
Israeli forces with Lebanese troops. Lebanese police source.
THE FOREIGN Ministry said its reported 31 Lebanese civili
statement was acceptable to the and 122 wounded by Israeli
Americans. The statementwasrmade west Beirut in the last two day
after U.S. envoy Morris Draper met THE MOURABITOUN fii
with Sharon and Foreign Minister Yit- largest Moslem militia -
zhak Shamir yesterday morning, between 2,000 and 4,000 me
But two senior officials said no con- fought alongside the PL(
tacts were realistic until after the Israel's 14-week-old inv
Jewish New Year holiday ends Sunday Lebanon.
and Israel expects arrangements to be Soon after the fall of Abi
worked out by the end of next week. Israeli forces began a search
That means the Israeli army will be in borhoods for arms and
the capital another week at least. militiamen allied with the PL
Israel tightened its grip on west districts of west Beirut.
Beirut at mid-morning, when its tanks An Israeli news repo
stormed into the stronghold of the available to the State Depa
Mourabitoun leftist Lebanese militia Washington late yesterda
and overran the group's headquarters authoritative sources in'
and its Voice of Arab Lebanon radio acknowledging -that Israeli so
station in theAbu Shaker neighborhood. occupied the Soviet Emba
CORRESPONDENTS saw little pound in west Beirut for a
resistance to the tanks. they said it was a mistake.
The Mourabitoun said its leader, The report said an Israeli
Ibrahim Koleilat, was shot in the right cluding an armored unit,
leg during the Israeli assault. enemy gunfire into what its
Koleilat said 30 Mourabitoun ders thought was an ordinar
militiamen were killed in fighting tial back yard to spend'the nit
against the Israeli thrust since Wed- Only when the soldiers
n - that
O in many
it was the
Compiled from Associated Press and
United Press International reports
Grace died following removal
of life support system
MONTE CARLO, Monaco- Princess Grade died Tuesday night after her
husband decided to take her off artificial life-sustaining equipment-she had
been clinically dead for four hours, doctors said. Her 17-year-old daughter,
Stephanie, suffered a spinal injury in the accident but was reported in good
condition last night.
Dr. Charles Chatelin, chief surgeon at Princess Grace Hospital, said
Friday that palace reports "contained real stupidities" and were "the sour-
ce of all the confusion about the accident."
Chatelin said Grace, having suffered two strokes, was in a coma when she
was brought to the hospital and never regained consciousness.
He said the accident apparently was caused when she suffered the first
stroke while driving. The second strike, of equal intensity, followed a short
time later and ultimately led to her death, he said.
The palace, which refused to comment on Chatelin's assertions, initially
said only that Grace had suffered broken bones, and did not report that she
was in a coma.
Pan Am to cut workforce
NEW YORK- Pan American World Airways, one of the world's largest
and now most troubled airlines, said yesterday it is slashing its worldwide
workforce by 15 percent, or about 5,000 positions.
The cutback will involve a combination of layoffs, early retirements,
leaves of absence and downgrading of certain categories of fulltime em-
ployees to part-time, the company said.
"Pan Am is undertaking a number of actions in conjunction with a route-
restructuring program that is intended to make Pan Am's operations more
efficient, productive and profitable in 1983," the airline said in a statement.
It did not say what types of workers would be laid off or where.
Maine revives moose season
AUGUSTA, Maine- Up to 2,000 hunters are preparing to draw a bead on
the big, lumbering animal that appears on Maine's state seal, as the state
revives its annual moose season for the first time in nearly a half-century.
More than 60,000 people-including 12,500 from outside Maine-entered
the May lottery for 1,000 permits for the season, which runs from Monday
through Saturday, said Thomas Shoener, an Inland Fisheries and Wildlife
Maine is one of about a half-dozen states-the only one east of the
Mississippi-that allows moose hunting, which had been an annual event in
the state until it was outlawed in 1935.
The beast's friends, meanwhile, are hustling signatures in hopes of
making this the last Maine moose hunt.
A group called Save Maine's Only Official State Animal, or SMOOSA, is
taking aim on next year's season. Although the moose is depicted on the
state seal, Maine does not have a designated state animal.
John Cole, a co-founder of the Maine Times weekly newspaper and now a
columnist, said SMOOSA is several thousand signatures short of the 37,000 it
needs to put a bill before the Legislature to repeal the moose season. If that
fails, the proposal would go to a referendum next year.
Bolivian armed forces restore
Congress, ending military rule
LA PAZ, Bolivia - The armed forces announced last night they will
restore Congress and order their troops back to the barracks, ending more
than two years of military rule, but they set no date for the transfer of power.
This Andean nation has been virtually paralyzed by a general strike called
Thursday by labor leaders demanding economic reforms and a return to
The general strike followed a series of regional strikes that started Mon-
day and brought about the commanders', emergency meeting at the
Miraflores army headquarters here.
Reports that the military chieftains would surrender power had swept La
Paz earlier in the day as the generals completed three days of urgent talks
with President Celso Guido Vildoso Calderon, also an army general.
Air force Gen. Natalio Morales read the military junta's announcement
saying the armed forces would convene the Congress that was elected in
June 1980 but disbanded by an armed forces coup the following month.
Congress rejects Reagan's plan
to cut IRS help to taxpayers
WASHINGTON - The House and Senate are rejecting as penny-wise and
pound-foolish the Reagan administration's plans to give taxpayers less help
in filling out their tax returns at the same time tax collection efforts are
being beefed up.
The congressional Appropriations Committees have written bills for the
Internal Revenue Service that will allow the IRS to provide the same level of
taxpayer asistance in 1983 that is available this year.
President Reagan's budget would require the IRS, starting Oct. 1, to stop
answering taxpayer's questions about tax laws. The bills, which are expec-
ted to be ratified by Congress, ensure that the service will be continued at a
cost of about $50 million a year.
"The Committee feels it is false economy, at a time when we are having
difficulty getting taxpayer compliance, to cut back to only the barest essen-
tials, assistance in helping the taxpayers with their returns," explained Bob
Mills, an aide with Ithe Senate Appropriations Committee. The Ad-
ministration's decision to cut back on the toll-free telephone service had
been roundly criticized by both tax experts and by Congress.
Vol. XCIII, No. 9
Saturday, September 18, 1982
The Michigan Daily is edited and managed by students at The University
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Every Wednesday night at 9:00
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Call 763-1107 and ask for Alan,
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' on.-Wed.-5:10 p.m.
Sun.-8:30 and 10:30 a.m. (Upstairs
12 noon and 5 p.m. (upstairs and
North Campus Mass at 9:30 a.m. in
Bursley Hall (Fall and Winter Terms)
Rite of Reconciliation-4 p.m.-5 p.m.
on Friday only; any other time by
NEW GRACE APOSTOLIC CHURCH
632 N. Fourth Ave.
Rev. Avery Dumas Jr., Pastor
9:45 a.m. Sunday School.
11:45 Morning Worship
7:00 p.m. Evening Service
Bible Study-Wed. & Fri. 7 p.m.
For rides call 761-1530
FIRST BAPTIST CHURCH AND
AMERICAN BAPTIST CAMPUS
502 East Huron, 663-9376
Jitsuo Morikawa, Pastor
10:00 a.m. Sunday Worship. Child
Sept. 19: "Long Distance Runner"-
Sunday: Church Loyalty Dinner-
11:00 a.m.-Church School. Classes
for all ages. Class for undergraduates.
Class for graduates and faculty.
Choir Thursday 7:00 p.m., John Reed
director; Janice Beck, organist.
Student Study Group Thurs., 6:00 p.m.
Support group for bereaved students,
alternate Weds., 7:00p.m.
11:00 Brunch, second Sunday of each
Ministry Assistants: Marlene Francis,
Terry Ging, Barbara Griffen, Jerry
FIRST PRESBYTERIAN CHURCH
1432 Washtenaw Ave., 662-4466
120 S. State St.
(Corner of State and Huron)
9:30 and 11:00 a.m.-Morning
Worship in the Sanctuary.
Sermon for Sept. 19 "The Great
Race"-Dr. Donald B. Strobe
Church School for all ages-9:30 a.m.
and 11:00 a.m.
Choir Rehearsal-Thursday at
Dr. Donald B. Strobe
Rev. Fred B. Maitland
Dr. Gerald R. Parker
Rose McLean and Carol Bennington
* * *
LORD OF LIGHT LUTHERAN
(The Campus Ministry
of the LCA-ALC-AELC)
Galen Hora, Pastor
801 S. Forest at Hill St.
Sunday Worship at 10:30 a.m.
Wednesday 7:00 p.m., Choir practice
Make your own pizza party, Sunday
A strike by Detroit's 11,000 school
teachers could be lengthy, the district
superintendent warned yesterday after
talks fell apart and a mediator recom-
mended factfinding on differences.
'Sure, I'm worried," Arthur Jeffer-
son said t a news conference. "I'm very
concerned that five days have been
missed and that more days will be
missed unless we reach a resolution."
THE DETROIT teacher strike, which
has idled 200,000 students, was in its fif-
th day yesterday.
Nationwide, approximately 16,500
teachers were on strike, idling 287,000
Also in Michigan, teachers in East
Grand Rapids voted to strike yester-
day, but teachers in the Detroit suburbs
of Troy and Novi ended their walkouts
despite no new contracts. Teachers in
Wyoming, near Grand Rapids, did
reach a settlement and returned to
IN NEW JERSEY, teachers in the
Teaneck school district voted to strike
yesterday. On Thursday, teachers in
Upper Saddle River walked off the job.
Teacher strikes continued in 21
districts across Pennsylvania. Two
districts were on strike in Illinois, with
a third job action treatened for Monday
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