OCR Text |
Show U. AND I. SUGAR OFFERS TO BUY LAYTON SUGAR Utah-Idaho Sugar Co. has offered offer-ed to purchase the stock of the Layton Sugar Co, in Layton, officials offic-ials from both companies announced announc-ed today. The board of directors of the two firms have already approved the sale, according to a joint announcement announce-ment from Harold E. Ellison, president presi-dent of Layton Sugar, and J. Arthur Wood, president of U. and I. U, and I. offered to buy 90 per cent o rmore of Layton's stock at $66.50 per share, the announcement announce-ment said. Under' the proposal, U. and I. would operate Layton Sugar in accordance ac-cordance with past policies, and would continue to market sugar under Layton's "Mountain" brand. The factory in Layton, however, will be closed. Beets from Davis and Weber counties in Utah will be shipped to U and I's Carland plant in Box Elder County. Beets from the Burley area will be shipped for processing to U and I's Idaho Falls factory. |