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The Palm Beach Post from West Palm Beach, Florida • Page 51

Location:
West Palm Beach, Florida
Issue Date:
Page:
51
Extracted Article Text (OCR)

THE PALM BEACH POST THURSDAY, MARCH 27, 1 997 7D I L1QUORST 1 Staples, OfficeMax reach final deal 1.75 19" SL Absolut 269 Jim Seagram's Seagram's 1 AJ Vodka 750 141 RftlirhftfilRobamOOB tma 7 Crown -1 hinin I Ltr.E. Williams 90.9J9j, 11.75 Majorska 10.99 1.75 Wolfschmidt 1.75 Fris Vodka 19.99 75D Grand-Dad 16' 11.99 Ltr. Imperial .....8.99 750C.C.V.O 9.99 1.75 Rich Rare 13.99 750 C.C.15 Year Old.13.99 1.75 O.F.CCinadian. 14.99 751 Jameson Irish 15.99 751 CrowrRovalSR. 29.99 1.75 Old Crow.

13.99 Skyy Vodka 22.99 H.75 Windsor 13.99 15.99 1.75 Ancient 1.75 1.75 Cardenal Canadian 1.75 ncourvoisiern 1.75 I Crown fl V.S. fj Maker's A Jameson arwood Mendoza Irish 2j ill or- Phillv MwUOC I UMDtVl Whiskey Spanish Brandv Royal avCogrtacCN Mark JI 750 16.99 JFmF Staples hopes its sale of 63 stores will topple barriers to its merger with Office Depot. Bloomberg News WASHINGTON Staples Inc. and Office Depot Inc. reached a definitive agreement Wednesday to feell 63 stores to OfficeMax Inc.

for about $109 million, a move designed to clear the way for Staples' proposed purchase of rival Office Depot. Staples and Office Deoot also 1 I I 4m. 32? Rtbitt 2 00 I Rabat 10.00 debt The meetings were moved to April 28 from March 31. That gives the Federal Trade Commission and its staff time to consider whether the store sales in markets where Staples and Del-ray Beach-based Office Depot compete alleviate antitrust concerns resulting from the proposed merger. On March 10, the FTC voted 4-1 to block the acquisition because it would harm competition in the 18 states and the District of Columbia where the two companies operate stores.

To resolve the FTC's concerns, Westboro, Staples jump-started negotiations to sell stores in overlapping markets to OfficeMax, the only other nationwide operator of office supply superstores. The FTC had held up Shaker Heights, Ohio-based OfficeMax as the only suitable buyer for the stores, executives at Staples and Office Depot have said. The sale will take place only if Staples is able to complete its purchase of Office Depot. Under the definitive agreement, OfficeMax would buy four stores in Baltimore, 14 in Washington, two in Louisville, 14 in Los Angeles, nine in San Diego, nine in TampaSt. Petersburg and 11 others.

Shares of Staples fell 38 cents to $21.63, while the stock of Office Depot declined 25 cents to $21.63. Shares of OfficeMax rose 25 cents to $13.50 2J 1.75 1-75 ra Glenlivet ft Dimple Walker ji I 1.75 Beefeater 25" 1.75 1.75 1.75 a LchivasVJ.Walker Cutty jg RegaI EgslJ Black Sark f-M Malt Scotch Pinch JW1 tI75019.M 11.75 46.99 tJfll75015.99rjr i fesa mm umjscotch I750 8 Tanqueray 99J 4 J2 A99 EyyHH 39 4VW 26" 750 yr 4 7E 1.75 postponed special meetings where shareholders were to vote on the acquisition, valued at about 1.75 Vat 69 SUA 9" Gordon's! 49 A Deiuar's, ft Mm Brandy i hite-Label or VOClKCi billion in stock and assumed Scotch 1.75 Martin's WO Ltr. White Horse 11.99 750Asbach Brandy15S3j 111 1.75 Gilbey's Gin ...12.991 Gouxua 7 tamu 111 iNHlki Hi J750 Martell V.S 17.99 750 Beefeater (1.75 Clan Mae Greg 1.75 Grants Scotch 22.99 750 Glenndd. Malt. .23.99 16.9i 1 1 1.75 19.99 1.75 Burnett's 13.99 11.75 Old Smuggler.

1 1750 Martell 27.90! 1.75Ballantine 24.991 1.75 Booth's 90Gin15.99 .75 Harvey's Scotch 18.99 Paxson put $4 million into station HWtlKIl Liter 9 1.75 1.75 1.75 HT 175 I JvRonUave A RonricoM Captain feontezumatBacardi De Cana Puerto Ricanf Puerto organi Mexican Dlim Nicaragua Rum FSFI Rican Rnm TMMiia WwR RieB Rum Rum- ll Runi I Tequila Rum 1 oob fg 799 1 711 J' )pj Grolsch Anchor SteanTH Rolling Samuel Adams LljJSHJ JL AsieTda Rock II FMohn g49 A RedDogBtls5.99 Hjjey MNoWester jhf Id fefl Busch 5.99 PAXSON From ID Paxson (Amex: PXN: $8.88) items dtaw rfimiwllifo1 invested more than $4 million in WPBF, much of it for new equipment and a new set at the Palm i ii i i iii" i'i a Columbia Crest Rabbit Ridge William Hill 39.99 rjM'l in. (Dai 11 oa Churchill 1W4. Atlas Peak Sangiovese Zinfandel Chardonnav Chardonnay Frrlra1994 39.99 Smith Woadhauu Graham 1 994 52.99 L.r jrvasnimon Sonoma 1990 1994 39.99 I Uffl! 13" Cockburn 1994... 39.99 I t'i napa Valley 1994 11" Napa Valley 1994 9 State 1995 6" ittm Lower commissions, unbiased information, a choice of mutual funds and more. irirfnarTiBffli Dunnewood 1994 7.99 QuinUDoa Murcaa8S 11.99 Parducci 1995 IF Dow 1990 14.99 Turning Leaf 1995 5.99 Meridian San.

Barb 95... 7.99 Moonshine Vineyard 94. 7.99 ClosDu Bois 1995.. 8.99 SL Francis 1995 8.99 Over 2,000 mutual funds load and no-load with unbiased information on everyone. 24-hour access to your account by PC or telephone.

Retirement investments, including no-fee-for-life IRAs." B.V.Beautour1994 9.99 Blackstons1995 10.99 Taylor Fladgat 1990. 14.99 Fonaaca1990 1S.99 Lockwood1994 1 Columbia Crest 1993 Hogue1995 8.99I Hogue1994 14.99 ChaL Souverain 1994 14.99 Merrill Lynch $50.00 $174.00 $374.00 Smith Barney 50.00 150.00 400.00 Charles Schwab 47.00 101.50 144.00 Fidelity 46.50 101.00 143.50 Quick 37.50 77.75 109.0? 7.99 9.99 Terra Rosa 1995. Sandiman 39.99 Fontaca 39.99 Taylor Fladgat 39.99 Graham 49.99 Cockburn 19.99 Fonaaca 19.99 Taylor Fladgatt 21.99 Graham 23.99 Beach Gardens studio. But its newscasts still attract fewer viewers than the NBC and CBS affiliates. The station this week was awarded the 1997 Edward R.

Mur-row Award for Best Newscast in its region by the Radio and Television News Directors Association. Doug Barker, vice president general manager of WPBF, said the station's 115 employees are pleased it is being sold to a large, well-regarded company. Hearst owns 12 daily newspapers and 16 magazines and has 80 partnerships with cable networks such as ESPN and Lifetime. "Everybody has heard of Hearst and knows them as terrific broadcasters," Barker said. WPBF wiU be the eighth television station for Hearst, and its sixth ABC affiliate.

Barker said Hearst has not told him of any changes it plans to make. But Paxson's Grossman said he expects Hearst to take steps to strengthen the station. "That's been their history to strengthen stations rather than shoestring them," he said. Murphy Goods 1995.... 10.99 Benzlger 1994 10.99 Rabbit Ridge 1995.

15.99 Geyser Peak Res. 94 Deloach Russ. Riv 94 11.99 elrii Wmm" rn Investor Research and Savings Package. 3 99 Ch.O'Armallhac1993 15.99 Ch. Batailley 1993 19.99 Rf nieiiiii mm Chlantl 1994 BorghlD'Elsa" PENFOLD'S "Koonunga Hill" ffUui -l 199 ShlrazfCibemat i Ch.

Clerc Milon 1993 24.99 Carruades De Lafite 94 ....29.99 r.j.,.l.. JuHi Save up to 73 over Merrill Lynch and Smith Barney and up to 33 over Schwab and Fidelity Plus an extra 10 when you trade on-line with Quick WaySM Plus or with Easy Trade our touch-tone telephone trading service. Chardonnay Sartori 1991...... 13.99 Pio Cesare 1995. 9.99 Mast 1993 19.99 11.99 Ch.Utour1993 ....89.99 Get 3 Stock Reports, the Stock Guide, 2 exclusive studies and Microsoft Money.

A $90 value, free when you open an account." Brut or Blanc De Blanc Spanish Sparkling Wlna Wolf Blast Cab.Sauv. or Chardonnay ..18.99 Ceretto "AslJ" 1992 14.99 Ceretto Zonch 92. 17.99 1 iProduttori 1991 17.99 Pio Cesare Z4.99 Ch. Gloria 1993 24.99 Ch. Gruaud Larose '89 39.99 Semfllon Chard.

vy Michel Chlarlo 95... 6.99 Saccardl 1990 1 1.99 Dwsllanl 1995 7.99 Gabblano 1990 11.99 i vmm i iieiiiiifivi rxwiaiiiiij p. Rausan-Segla 1992....24.99 ch. Lascombes 1993 29.99 Jackson Estate 099 Cabtrnet Sauvignon 1991 11.99 Cavtt 1995 5.99 Ploznar 199 IMazza Corona 1995 .....6.99 Pighln 1995 9.99 Tormina 1995 7.99 Maso Poll 1995 11.99 Chardonnay 1994 11 Sauvignon Blanc 14.99 Ch. Meyney 1992 Ch.DePBl1993..

Shiraz1992 11.99 ,19.99 1995 New Zealand Torra Ol Luna 1995 8.99 Santa Marnharlta 95 ..14.99 Marann1995 999 QUICKREILLY MtMBEB NEW YORK STOCK KXCHANUE Where Independent Investors Do Better. Every Day. 0ar Hi offices nationwide. Including: Palm Beach Boca Raton Stuart 561-655-8000 561-391-6282 561-221-9103 Admiralty Bank Locations: V. Palm Beach Gardens Jupiter 561-627-9700 561-743-1777 "Telephone survey 197 Minimum commission $37.50.

Services vary by lirm. Touch-tone discount off published rale schedules. Member SIPC. QuickWay and Easy Trade are service marks ol Quick Reilly. "Minimum initial IRA balance $10,000 or $2,000 deposit annually for Windows 95.

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Pages Available:
3,841,130
Years Available:
1916-2018