Leader-Telegram from Eau Claire, Wisconsin • 12

Page 12A FRIDAY June 26. 1987 Uader-Tl3ram WEAU-TVbeing sold to Busse Bsidcasfiig Gbp NEW RECORD: The Dow Jones average of 30 industrials jumped 22.64 points Thursday to 2,451.05, surpassing its previous closing peak of 2,445.51, which was reached on Monday. mmm Busse said he has fond memories of the five years he spent in Eau Claire. "It's a great city. It's one of my favorite snots 1 suner town." is basically owned by a trust by his children.

And he would then have that trust licensed out to some stations." Busse will leave his current job if the FCC approves the An independent station, WEUX, based in Chippewa. Falls, is scheduled to sign on this fall. The local TV market can handle a third locally based station, Busse said. "WEAU (an NBC affiliate) is such dominant station in the marketplace," he said. "The independent, even if it is a good independent, will take a very small segment of the audience." He added, "The Eau Claire market has been very good.

In terms of the economics in the state, it's one of the better areas It's continued to grow." "It was something that I wanted to do," said Busse. "I wanted to get in having my own company." Both the Gillett group and BBC filed a request June 11 with the Federal Communications Commission to assign the jlationsHicensesrto BBC. Busse said he expectr the transfer will be completed by August. Besides Busse, BBC's officers, directors and share- holders are listed as James C. Ryan and the Gillett Family Trust.

Busse is the president of the Gillett Broadcast Group. About a year ago, group owner George N. Gillett Jr. suggested he operate some of the firm's television stations, Busse said. "He's wanted to do some estate planning for his children for some time, Busse said of Gillett.

"What we wanted to do was to set up a separate company that By Rod Stetzer Leader-Telegram staff As a part of a five-station package, WEAU-TV of Eau Claire is being sold by GNG-2, part of Gillett Broadcasting in Nashville, to the Busse Broadcasting Corp. Lawrence A. Busse, former general manager of WEAU, would control all the voting stock and have a small equity in the new corporation. Busse, in a telephone interview from Nashville on Thursday, declined to give the purchase price. No changes in station personnel are planned, he said.

Other stations involved in the deal are in Kalamazoo, Lincoln, Richmond, and Oklahoma City, Busse said. Busse said he has a strong commitment to local news. He noted that when he was WEAU's general manager, the station increased its news staff. and installed radar for weather forecasts. BBC will have its headquarters in Kalamazoo, Busse said.

i Officers and -shareholders of GNG-2 are listed as Gillett, Edward W. Karrels, David A. Romon, Larry D. Haugen and'Norman Waite Jr. The Gillett group now has, or is contracted to buy, 14 stations, including Storer Broadcasting The first station from Storer will be transferred to Gillett around July 1, Busse said.

Minnesota law blocks hostile takeover New York Stock Exchsrrca NEW YORK (AP) Prion al 11 am COT for NYSE tsted fnosr-acaw stocks: Mm HMi Schlmb 1.20 Sear 2 SheUT 3.79 SCarEd 2.38 SouM 1.12 StorT StrTewi 1S1S AMR AccoWt .44 em 2816 18H 21 Va 9Si 6851 281 4162 19 2631 21 2285 26 Ahmans .88 Last Chg 61- 28 18, 1. 214 25 9 44, 36 71- 45 2S 65 'A 'Meaa MdSgnl AExps AtnGra 1 1 1.80 .76 2S .50 6039 8974 86 2112 44V 437t x51 88 36V 35 1637 72 71V 2371 45' 45 1749728 28 1442 85 84 4493 44 44 44' 4034 52 51 52 j' 2782 90 89 901 x4015 3131 31- 3443 69 67 68 1457 3 3, 3' 1427 3 3 3 3141 44 43 44 1 11337 23 23 23 1790 19 19 1 1129332 31 31 3240 49 49 49 7460 38 37 -36' X431440 40 4380 37 37 37. 7944 31 31 31 2460 25 24 25 1550 127 126 127-. 11735 49 46 481, 4900 30 30 30 1467 38 37 38 4690 47 46 47' 2178 35 34 34 1738 40 39 39 1641 65 64 64- 2504 28 27 27,... APresd Amoco 330 Syntaxt.

TJXn iTWSw OS Tandm 3.04 Ta.75 Tranam 1.78b T- Tranaso 2.72 USX 1.20 VfUnEtoc 1.92 Unayt 2.76 UsairG .12 USSnoa .48 1 Upjohna .80 WrnC .40 WstgE 1.72 Zayra .40 80- 27 35'4 60 27 .35 24 27 21 27 23 41 23 51 72 25 76 18 26 27'- 22 27 24 23- 51 25 2201 61 'A 2225 27 17O0 35 $199 26 1451 27 3256 22 2400 28 3155 2'! 2072 41 1494 23 1(3151 52 1676 73 1583 25 4035 78 2922 18 2733 56 9190 11 2193 0 4633 35 1992 61 By Mary R. Sandok Associated Press ST. Minn. (AP) A bill to help thwart a threatened hostile takeover of Dayton Hudson Corp. was signed into law Thursday night by Gov.

Rudy Perpich after it was overwhelmingly approved by the Legislature. "The Legislature has crafted a bill that is balanced among the interests of shareholders, management, employees and the community," Perpich said at the signing ceremony. The on behalf of thei giant, Minneapolis-based retailer passed the4 House on a 120-5 vote and the Senate by 57-4 "I would characterize this as an emergency," said Senate Majority Leader Roger Moe before the opening of a special legislative session to consider the bill. Moe said the situation confronting Dayton Hudson probably was the most serious crisis for the state since the Legislature was called to its first special session in 1862 to deal with an Indian uprising. Perpich called the special session Wednesday night, six days after it was requested by officials of Dayton Hudson, which employs 34,000 Minnesotans.

Dayton Hudson sought the session after learning that Dart Group a Landover, retail group, had acquired a substantial stake in the company. Perpich required agreement by key lawmakers' as well as the interests of stockholders. Those provisions would be retroactive to June 1. The bill also includes two provisions that were not requested by Dayton' Hudson but were endorsed by Commerce Commissioner Michael Hatch and Attorney General Hubert H. Humphrey III.

One provision restrict the practice of green-mail," the use of corporate funds to buy back' stock from corporate raiders at premium That provision, effective next March 1 prohibit a company that is trying to buy out a raider from offering a premium price for more than 5 percent of its voting shares unless it got shareholder permission at a meeting or unless it offered the same price to all shareholders. The other provision would prohibit the target company's executives from negotiating lucrative severance packages, called "golden parachutes," while they were considering a tender offer. That provision would be effective the day after enactment. Dayton Hudson operates 17 Dayton's stores; the 20-store Hudson's chain based in Detroit; the Target discount chain with 246 stores in 22 states; the Mervyn's specialty department store chain with 175 stores in 12 western states and the Lechmere chain of 17 electronics and houseware stores concentrated in New England. It Is one of the nation's largest general retailers, with sales of about $9.05 billion in its 1986 fiscal year.

AMP AmdHt :30 Anheue .48 AichDri Mb Aristcn BaltyMf 20 BncOrat' .92 BaxtTr .44 fieMSos 2.20 BtaekD 40 BnstMa BntPI 2.62e Brmrita .30 smu 2 Catetp 30 40 Crmsav- Chubb 1.68 Citicrp 2.70 CocaCI 1.12 CTEspn "The Legislature has crafted a bill that is balanced among the interests of shareholders, management, employees and the community." Minnesota Gov. Rudy Perpich from the Democratic-Farmer-Labor Party, which controls both chambers, and Independent-Republicans before he would call the session. After three days of hearings on proposals advanced by Dayton Hudson and supported by other corporations, business and labor organizations, lawmakers agreed late Wednesday on legislation that borrows heavily from an Indiana law, which was upheld by the U.S. Supreme Court in April, and other states' laws. One major provision in the bill would prohibit an investor that takes control of a company in a hostile takeover from selling any of die target company's assets for five years.

That was expected to make lenders reluctant to finance such takeovers, which would be paid off by the sale of assets. The bill also would allow a company's board of directors in considering a takeover bid to take into account the interests of employees, customers, suppliers, the community and society, Precious metsls 76 18't- 1 55 55 11 11 59 60 35 35 60 60 1 60 60 2225 60 LONDON (AP) Gold opened listless trading in London today at a bid price, of $441 .30 a troy ounce, compared with, late Thursday's $440.50. At mid-motnlng, trie city's five major bullion dealers fixed a recommended price of $441.40. Silver was quoted in London today at a bid price of $6.81 a troy ounce, down from Thursday's $6.85. Stocks of Locd Interest 1674 45 45 ,45 1.68 tnrann Cooper DaylHd Deere DiaBth Digital DowCh Orasr COT today as reported by .92 .25 .20 2.20 .40 3.20 2.52 .56 3.60 3133 24 24 -24 6472 35 34 35 1513 61 60 614 '1075151 50 511 2704 30 29 29 1 2841 25 25 25 3324 169 167 168 2253 86 86 86 6306 30 29 30 1582 121 120 120- 3524 86 88 88 4394 18 17 18 1709 17 .17 17 3005 91 91 91 1817 54 53 54' 1865 33 33 33 2952 17 17 17 7697 101 99 100 Prices at 11 a.m.

Piper, Jaffray Hopwood Inc. 30 duPorH EKodk Echlin EmryA Exxon 20 TRANSPORTATION-. IS UTILITIES 7.01 4.02 ajs 39 FedDSs 1.48 FtBkSs 1.50 Fluor FordM 3 FoslWh .44 GTE 2 44 88 28 76 31 29 100 Amerttech Burlington N. ConAgra Control Data Cray Rsrch 5292 21 21: 21 38 39- 55 55 GTE Corp. mart Ueberman Ent Nat'l Presto NCR Corp NW Aidines -MSP OttertaJI Power Pope a Talbot Sears.

Haebuck Super Vatu-' GenEls 1.32 3712 39 4902 55 303? 84 1426 54 19 32 76 71 32 43 22 2 GMot 5a 83 83- S4 54 UrF (Jorp Dayton-Hudson First Financial 3 51 18 14 1. Gen Res GaPac Gillete 1 .76 2539 46 Firat Interstate 130H1 4H'. 3SW First Wisconsin 24 Lower intereslratesi give Wali Street QQSt 40 27- 12 14 58 .250 .161 .40 2428 28 27 3249 13 12 9125 14 14 1807 58,: 57 1668 9 9 Attoona Equity Utility cows Steady, tip 48.75 42-46 Glaxo GktNug Hansns HarBrJ HarJwi HerflC HeIPk HCA -Human Clod 1405 3333 S3 2440 63 62 62 Carriers a 42-50 Dairy X3089 47 46 62. 47 1 26 34' 4 .72 .80 .88 1 .20 4.40 2080 26 28 1487 34 34 2308 59 58 2586 17 17 -Steady, top S7.7S 5044 ...4843 Commercial butts Common utility Beef buHs 59 17- IBM 7518 167 166 167- IntPaos 1.20 Few select Good to .5040 3040 ..30 and down Standard to good Culls REPLACEMENT CALVES 1.25 hoi .10 Hoi hetters Steady, top 1.10 FED CATTLE. Weak, 62-M HOGS.

-Strong 61-61 50 Butchers, 220-240 Heavy 5841 '1 --ctt- -A. 1 r. J''- i Ltwgt-hvywgt packers Boars FEEDER CATTLE Plain, barney Hoi Steady not 3763 51 50 51 3768 55'4 55 55 2 1644 44 43 44 1533 27 26 26 3248 40 39 40 1 1929 62 62 62- 1570 37 36 36 2467 4 4 4 1487 93 92 92 2034 44 44 44 2284 49 47 48 2596 55 52 55 1 3518 12 12 12 1614 55 54 54 2069 35 34 35 1635 16 15 16 'A 1731 73 71 73 2088 50 60 50- 2227 84'4 83 84 1413 36 36 36 1652 49 49 49 1921 56'4 55 56 1569 13 12 13 3452 7 7 7 2250 34 34 34 6513 32 31 32 1955 51 51 51 2706 70 70'4 70 2838 38 38 38 2096 24 22 23 1 1840 49 47 48 4710 27 27'4 27 1542 5 5 5 2680 32 31 31 1 3622 58 57 58 1 1761 36 36 36- 1415 32 32 32 4381 74 72 73 2329 89 88 89 4209 15 15 15 3018 32 32 32 3306 26 25 25 1791 98 97 97-1 3247 53 52 52 5352 61 60 61 2762 26 24 26 1 16370 18 17 18 2465 8 8 8 JWT 1.12 Kmrta KCtyPL 2 Kopers .80 Kraft 1.88 Kroger 1.05 Lilly 2 Limited .24 MCA .68 Manpwr Maxusn.40b McOnl 8 Meads MesaLP 2 MMMs Mobil 2.20 Monsan 2.80 MonPw 2.68 Morgns 1.36 Motorta .64 NtSemi Navistr NllkSos 1.20 NoStPw 2.02 Nwstpf 3.78e Nynex 3.80 OcciPet 2.50 OhMatr .40 PPGs 1.08 PacTel a 1.64 PanAm PanEC 2 PonCsn .05 PepsiCo .68 PerkEI .60 Pfizer 1.80 PhilMr 3 PhilPet .60 PmWat 2.80 PnmeC ProctG 2.70 FURNb 1.60 ReichC .80 Robins RochG 2.20 Rowan RoylD 6.04e Ryder .52 SFeSoP 1 SchrPIs Assets of the nation's 384 money market mutual funds fell $98.2 million in the latest week, the Investment Company Institute r-JP A high-ranking Energy Department official said the Reagan administration is closely watching the global flow of oil, and has not ruled out further measures to ensure U.S. energy security. At OPEC's ministerial meeting in Vienna, Austria, the president of the 13-nation oil cartel warned that U.S.

congressional proposals to give import protection to domestic oil producers could, if enacted, bring about a new energy crisis. Wall Street analysts said the stock market appeared to benefit not only from lower interest rates but from eleventh-hour buying by money managers at investing institutions seeking to show heavily invested positions in stocks when they make their midyear reports to clients. After this period of so-called window dressing ends, brokers say it may well take some impressive corporate earnings reports for the second quarter to kedp the market's advance on track. One negative in the recent market picture, many observers have noted, has been an absence of widespread gains, particularly among smaller, "secondary" is-' sues. While the Dow made a new high Thursday, only 77 NYSE-listed issues out of nearly 2,000 that raded reached new 52-week highs.

By The Associated Press The month-old rally on Wall Street has come to life again, sending the Dow Jones average of 130 industrial stocks to a new high after-two days of losses. The closely watched index advanced 22.64 poinfs Thursday to 2,451.05, surpassing the record 2,445.51 reached on Monday. Volume on the New York Stock Exchange jumped to 173.52 million shares from' 153.76 million in Wednesday's session. The dollar rose against most key foreign currencies, recovering from a couple of days of weakness. That helped send interest rates lower in the credit markets.

Prices of long-term government bonds, which move in the opposite direction from interest rates, rose about $5 for each $1,000 in face value. The Federal Reserve Board's report that the nation's basic money supply fell $1 billion in the second week of June, while an unexpected decline, had no effect on the buoyant credit markets. In other economic developments Thursday: Contracting for new construction dropped 6 percent in May to an annual rate of $233.5 billion, the F.W. Dodge division of McGraw-Hill Information Systems Co. reported.

Congress gave final approval to its $1 trillion fiscal 1988 budget opposed by President Reagan, but Democratic leaders kept the door open for a compromise with the White House. Beef ...5048 Beef heifers .....4540 Utility standard Heileman planning brewery expansion LA CROSSE (AP) G. Heileman Brewing Co. has an- nounced plans for a $6 million expansion of its Baltimore brewery. Jack Isherwood, senior executive vice president of operations for Heileman, said the expansion, which is expected to be finished by Decemeber, is part of a long-term program announced in 1985 that' will double the capacity of the brewery to 3.2 millionbarrds a year.

1 2021 129 128 128 1981 38 38 37 45 50 46' 50 2948 46 1889 50 Twisted vision APLaserph0, Even though she's facing the camera, Marsha Weinel, warehouse inspector for Hammacher Schlemmer in Cincinnati, actually is looking down 90 degrees at pairs of horizontal reading glasses. The glasses have prism lenses that give the wearer a right-angle down view. The company touts the glasses for watching television or reading while reclining. out of hotels, car rentals checking Allegis You can pick up your free energy and money-saying electric water heater jacket and shower low restrictor at NSP's distribution point near the south end of: Allegis, abandoning its all-travel concept, plans to change its name back to United Airlines. The company also announced that Chairman and Chief Executive Officer Frank A.

Olson, who replaced Richard Ferris earlier this month, would succeed James J. Hartigan as president and chief executive of United Airlines on an interim basis. A committee will search for a permanent CEO: Hartigan will become chairman of United and William Sider of Hertz will become chief financial officer, replacing John L. Cowan, who resigned. Gonring' said domestic and foreign investors have expressed 'interest in Hertz and the hotels, and some analysts suggested the company would solicit bids and try to create an auction.

"They're not going to wait for people to come to them," said Robert J. Joedicke, airline analyst at Shearson Lehman Bros: Coniston Partners, a New York investment group that owns 13.2 percent of Allegis stock and was involved in a takeover attempt, said it favored Allegis' new direction. Coniston is in line to make a substantial profit on its 7.7 million shares, for which it paid an average of $67 a share. Allegis stock closed Lad $89.75 in composite New Yorx Stock Exchange transactions Thursday. The restructuring announcement came after the market closed and the stock had fallen Wh cents a share.

About 55 million shares of Allegis stock are outstanding. The Chicago Tribune reported today that Olson said in a letter to stockholders that United will seek wage, benefit and productivity concessions from its workers. ployee proposals to buy United stock on the grounds they would put the airline further into debt, but did not rule them out for the future, said company spokesman Matt Gonring. However, Capt. Jim Walters a spokesman for the Air Line Pilots Association, said the pilots would continue their bid to buy United.

The pilots' union and a coalition of other United employees have suggested various employee purchase plans for United. In their latest bid June 5, the pilots offered $4.5 billion for 80 percent of the airline's slock. Allegis has been under pressure from Wall Street and investors to increase its stock's value. If the company realizes $3.5 billion on the asset sales, about $63 per share would be distributed to stockholders, said Gonring. CHICAGO (AP) Beleaguered travel giant Allegis Corp.

is moving to sell its Westin and Hilton International hotel and Hertz car rental businesses while rearranging its management and rejecting an offer by pilots to buy its United Airlines. The company, battered by takeover attempts and management turmoil the past three months, also announced Thursday that it would sell part of its Apollo computerized reservation system. Hertz and the hotels are expected to bring the company up to $3 billion, with the proceeds to be distributed to stockholders, analysts said. The company did not say how much of the Apollo system would be sold, but the proceeds from selling half of it were estimated at $500 million. The Allegis board rejected em- The Highland Hall Hastings Way, Eau Claire Saturdays Only, 9 a.m.

to 1 p.m. Providing the state's lowest rates tor inventor-owned electric utility service..