Page 2-Tuesday, July 7, 1981-The Michigan Daily
$7 billion DuPont,
Conoco merger is
biggest in history'
NEW YORK (AP) - Chemical giant competitor.
Du Pont Co. agreed yesterday to The Justice Department had no im-
acquire Concoco Inc., the embattled oil mediate comment on the proposed
and coal company, in a $7 billion deal merger, but Attorney General William
that would be the largest merger in Smith said last month that the Reagan
corporate history. administration was revising guidelines
The merger would create the seven- on when to challenge mergers on an-
th-largest industrial company in the titrust grounds.
nation. Conoco now ranks 14th on that
list based on sales, one place ahead of "WE MUST recognize that bigness in
Du Pont. business does not necessarily' mean
CONOCO, A major oil company and badness," Smith said in a speech.
owner of Consolidation Coal, the One analyst, Jack Henry of E. F. Hut-
nation's second-lar'gest coal company, ton & Co., noted that Du Pont had only a
has been fighting unwelcome offers minor involvement in petrochemicals
from Canada, the latest being a $2.55 Ind said he thought the deal would not
billion offer from Seagram Co. Ltd. for be blocked on antitrust grounds.
41 percentof its stock. There was no comment from
Like most oil companies, Conoco is Seagram, which was offering $73 a
involved in chemicals and last year share for 41 percent of the stock. Con-
reported $1 billion in revenues and $44.3 oco has sued to halt that offer and is
million in profits from chemical seeking $1 billion in damages. Seagram
operations, which included a joint ven- has countersued, claiming Conoco ac-
ture with Monsanto, a major Du Pont ted in bad faith in initial negotiations.
4
Today
Motown goes electric
DECLARING THE FUTURE is electric, Walter McCarthey, Jr., presi-
dent of Detroit Edison, recently opened the company's first Electric
Car Service Center, the first of its kind in the world. "We expect Detroit to
become the "Electric Motor City," said McCarthey, adding that 20 years'
from now the electric car could save the equivalent of 100 million barrels of
oil a year. Studies by the Electric Power Research Institute indicate that by
the year 2000 as many as 13 million electric cars will be on the road. The new
electric cars would reduce both air and noise pollution and should fill the
needs of the secondary family car. Though the mass-produced electric car is
still a couple of years away, said McCarthey, "now is the time to evaluate
the technology and prepare the people for its introduction." O
New faces in the Union
NO, YOU WEREN'T halucinating when you saw smiling, helpful faces at
the Union's front desk instead of candy bars-and magazines. The Union
store has moved around the corner to make way for the Campus Information
Center. CIC is a new office that has just opened to the public to provide in-
formation on just about every facet of the University including some about
related community-services.
Another feather in the cap
PROF. RALPH SMITH, of the University's School of Public Health,
has been named recently president of the American Industrial Hygiene
Associatoon, a professional society which, Smith says, is the "largest in
the world of its kind." The 5,500-member organization seeks "to advance the
health of people who work" by reducing or eliminating such problems as
radiation, noise, and harmful gas or fibers in the work environment, said
Smith. Smith will remain at the University as his duties at the School of
Public Health and as new president are complementary. He will officially
become president of the association in one year, after his introductory
period of "president elect" comes to an end. Asked about the future of the
organization Smith is optimistic: "The present membership is close to 6000.
It will be 10,000 in a few more years." Smith said the position has no
monetary rewards and his job is primarily to make contacts, speeches, and
"that sort of thing."
Today's weather
Sunny and hot again today with a high expected in the mid-90s.
Happenings
Films
C2-Breaking Away, 7:30 & 9:30 p.m., Angell Aud. A.
CFT -City Lights, 4,7,8:30 & 10 p.m., Michigan Theater.
Miscellaneous
Folk Dance Club - beginning teaching, 7-8:15 p.m., Union.
The Michigan Daily
Vol. XCi, No. 34-S
Tuesday, July 7, 1981
The Michigan Daily is edited and managed by students at the University
of Michigan. Published daily Tuesday through Sunday mornings during the
University year at 420 Maynard Street, Ann Arbor, Michigan, 48109.
Subscription rates:$12 September through April (2 semesters); $13 by mail
outside Ann Arbor. Summer session published Tuesday through Saturday
mornings. Subscription rates: $6.50 in Ann Arbor; $7 by mail outside Ann
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764-0558; Classified advertising: 764-0557; Display advertising: 764-0554; Billing:
764-0550; Composing Room: 764.0556.
Woman accosted at CCRB
A woman was accosted at the Central
Campus Recreation Building Sunday
afternoon when a man entered the
women's lockerroom, police said
yesterday. The suspect, a male in his
mid-20s, appeared in the locker room
after the compainant had taken a
shower, told her he wasn't going to hurt
her, then "touched her privates," Fac-
cording to Ann Arbor Police Sgt. Harold
Tinsey. She then screamed, scaring
him off. The suspect probably gained
entry to the building with a key, police
said, since the building was closed to
students and the public.
Campus area burglarized
during holiday weekend
There were also several burglaries
this weekend, one resulting in the theft
KOOL IT
Rento an Air Conditioner
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of $1,065 worth of cash and jewelry,
from an apartment on the 510 block of
William, police said. The thief gained
entry to the apartment on Saturday
between 11 a.m. and 4:30 p.m. by cut-
ting a screen, police said.
An armed robbery on S. Main and
Jefferson also occurred on Saturday,
just before 3 a.m. The victim had stop-
ped his car to check the taillights when
another car stopped behind him and
two suspects, one with a knife, came out
and threatened him. They stole $49.
Also broken into was an apartment on
the 700 block of Tappan, between 10
p.m. and midnight on Saturday, police
reported. $650 worth of stereo and
camera equipment, and jewelry were
taken.
Woman arrested in
Flame Bar stabbing
A FIGHT AT THE Flame Bar, 115
Washington, left a 33-year-old man
from Ann Arbor stabbed in the chest
and back early yesterday morning,
police said. The suspect, a 34-year-old
woman, has been arrested for attem-
pted murder. The victim was treated
for the injuries at University Hospital
and released.
Editor-in-Chief ............DAVID MEYER
Managing Editor ....... NANCY BILYEAU
Editorial Page Director .....STEVE HOOK
Special Supplement
Editor .................PAM KRAMER
Arts Editor ..............MAtK DIGHTON
Sports Editor .........MARK MIHANOVIC
Executive Sports
Editors.........BUDDY MOOREHOUSE,
DREW SHARP
NEWS STAFF: John Adam, Ann Marie
Fazio, Pam Fickinger, Lou Fintor, Mark
Gindin, Susan McCreight, Greg Meyer, Jen-
nifer'Miller, Dan Oberrotman, Annette
Staron.
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Diaplay/Classified
Manager.:................LISA STONE
BUSINESS STAFF: Aida Eisenstat, Mary
Ann Misiewicz, Nancy Thompson-
SPORTS STAFF: Barb Barker, Mark
Borowski, Joe Chapelle, Jim Dworman,
John Fitzpatrick, John Kerr, Ron Pollack,
Jim Thompson.
PHOTO STAFF: Kim Hill, Paul Engstrom
ARTS STAFF: Bill Brown, Ken Feldman,
Karen Green, Fred Schill, RJ Smith