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Show The National Enterprise , October 6, 1976 Page four News Briefs Gregg's Foods Products Inc. (OTC 4.00, 4.50) has reached a Final agreement for its acquisition by A. E. Staley Manufacturing Company. Under the agreement. 305,080 shares of Staley common stock will be exchanged for the 1,201,000 outstanding common shares of Greggs. Forum Restaurants Inc. OTC 2.00. 2.75 has omitted its dividend for the second consecutive quarter. Tejas Gas (OTC 9.375, 9.875) and R. L. Burns Corp. (OTC 14.25, 14.75) have mutually terminated an agreement in principle for the acquisition of Tejas Research Fuels Agrees to Acquisition Terms HOUSTON, Texas Research Fuels, Inc. (OTC 1.375, 1.75) has agreed in principle to acquire substantially all of the gasoline marketing assets of Span Oil Co., Inc.. Fort Worth, Texas, for about $790,000 plus the assumption of certain related liabilities. L.D. Crumly, Jr., president of Research Fuels, said Span Oil operates in excess of 60 retail gasoline marketing facilities in Texas and Louisana, principally in conjunction If the with convenience food stores. acquisition of Span is consummated, it is contemplated that E. Earl Baldridge, Jr., president of Span, will be elected president In and a director of Research Fuels. Baldwill addition. Research Fuels grant a option to acquire about 30 ridge percent of its outstanding common stock at from $1,125 to $1,375 per share based upon RFIs earnings per share during the next three fiscal years. No definitive agreements have been executed, Crumly emphasized. ar by Burns. John M. Morrison, chairman of El Dorado International Inc. OTC 3.50, 4.00 told New York securities analysts last week that the company expects sales increases of 45 percent in the current fiscal year. El Dorado reported net income of S 902.000 . or SI. 02 per share, on sales of $22 million in the year ending June 30. He declined to predict earnings, saying only that the margins will be better. Lancaster Colony Corp. (OTC 12.75, 13.25) reports that its Pretty Products Inc. unit has had a work stoppage at its plant in Coschocton, Ohio, They following expiration of a union contract. expected the bargaining unit to vote on the proposed terms of a new contract by Oct. 1 . Pretty Products, employing 514 at that plant, makes car mats and rubber housewares. Well Texas on Complete Testing SALT LAKE CITY Equity Oil has pleted testing of the No. 3 Wimberly-Brya- well in Pecos County, Texas. In a com- n one-ho- ur and 10 minute test of the interval from 9,836 to 9,868 feet, the well flowed during the final period for 30 minutes on a 14 inch choke at the rate of 7.2 million cubic feet of gas per day. The well also flowed 30 minutes on a 38 inch choke at the rate of 8.2 million cubic feet daily. Recovery was 50 feet of drilling fluid and 180 feet of distillate, the company said. The wpll is scheduled to 10,200 feet. Participants in the drilling of the well in addition to Equity are G. W. Brock Inc., Midland, Texas, and George R. Brown and Highland Resources Inc., Houston. A proposal by the National Association of Securities Dealers to permit market makers in OTC stocks to also make markets in options for the same stocks received approval in principle " from the SEC. In a letter to NASD president Gordon Macklin, SEC Chairman Roderick Hills said such an options program would be appropriate in an environment of vigorous competitive market making. The computer has a greater potential in patient care than any other invention, Predicting higher sales for 1976 is Wasko Gold Products Corp. (OTC 4.00, 4.75). Chairman Irving Wax said in New York last week he expects sales in the final six months of 1976 to approximate the record level of $14.2 million achieved in the second half of 1975, resulting in full year sales of between $27 million and $28 million, against $26 million in including the stethoscope and the machine. X-r-ay Hanson American Medical News Mr. Ken 1975. Rangaire Corp. OTC 14.375, 14.875 also expects to report that earnings in the fourth quarter were a record for any quarter, according to J. M. Hill, president . Fourth quarter net should total $1.1 million, or 62 cents per share, up from previous record earnings in 1975's record fourth quarter of $821,000 or 47 cents per share. The 1976 fourth quarter sales should total a record $18.5 million up 69 percent from 1975 fourth quarter sales of $10.9 million. Hill said. HEALTHGARDE CORPORATION Medical Computers for the Modern Hospital OUR NASDAQ SYMBOL IS HGRD Lydall Mulls Merger MANCHESTER, Conn. Lydall Inc. (OTC 8.75, 9.50) has announced plans of a possible merger with Logistics Industries in which Lydall would be the surviving company. Discussions arc in the preliminary stage, the company said, and any agreement will require approval of directors and shareholders of both companies. Logistics Industries is a diversified maker of packaging materials and products. Lydall Inc. makes engineered fiber material and metal and fiber components. DISTRIBUTION CENTERS NEEDED FOR iM (J&S& Oft Swimming Pool Heating Systems Home Heating Systems Water Purification Systems tflQi 4403 ikh q&iMgnmuny&ft gji Qti&iGjt asuijfl 62-88- 4 |