Under the amended agreement, Bally shareholders will receive a combination of cash and Alliance preferred and common stock totaling $11.70 per Bally share, the two Las Vegas-based companies said.
British Sky Broadcasting, the satellite broadcaster in which the News Corporation is the biggest shareholder, acquired a 22 percent stake in Premiere for stock and cash totaling 2.9 billion marks, or about $1.5 billion.
In 1989 the securities industry collected revenues from selling new issues of corporate stock totaling $772 million.
Besides its offering yesterday of Fruit of the Loom common stock, preferred stock and junk bonds totaling more than $550 million, Drexel Burnham Lambert Inc. is expected to announce interest rates soon for Holiday Corporation notes and debentures totaling $1.4 billion.
On November 3, 2009, Berkshire Hathaway announced that, using stock and cash totaling $26 billion, it would acquire the remaining 77.4 percent of the Burlington Northern Santa Fe Corporation, parent of BNSF Railway, that it did not already own.
But by its most recent tally, the Magellan fund had holdings of cyclical stocks - those of construction companies, manufacturers of industrial machinery and makers of durable goods like textiles, home furnishings and automobiles - totaling nearly 24 percent of assets, only slightly less than the fund's technology stake.
Preferred Stock * Omega Healthcare Investors Inc., Ann Arbor, Mich., is selling two million shares of series A cumulative preferred stock totaling $50 million through A. G. Edwards & Sons.
The Sitel Corporation announced three separate acquisitions yesterday for stock and cash totaling $289 million.
Consequently, inventories of gasoline are now unusually low across the country, with stocks in the week ending June 9 totaling 202.7 million gallons, compared with 223.5 million last year, according to the American Petroleum Institute, an industry group.
With low interest rates, profits at mutual banks have been strong recently, and last year 57 mutuals issued stock totaling more than $900 million.