European Stars And Stripes (Newspaper) - May 22, 1985, Darmstadt, Hesse                                The stars and stripes May nocal scores Victory against Pickens oilman to sell company holdings Back at loss los Angeles a in his first defeat in three years of assaults on big Oil Texas oilman Boone Pickens has agreed to sell his nocal holdings Back to the company at a slight Pickens surrender monday was a major Victory for Fred Uno Caps 68yearold who had vowed not to give in to Pickens Hartley has spent 46 years with the Parent of Union Oil of and he played a major role in building it into the nations 13th largest Oil Pickens is chairman of Mesa Petroleum of am and head of the Mesa partners ii investor in previous forays against five other Oil Compa the Pickens group earned million plus million in expenses by Selling Back those companies stocks at a Premium Uno cals Stock didst Trade monday at the request of the it ended last week at a mesas Stock fell 25 cents to close at a Pickens Fate appeared sealed by the loss of two Cru Cial Battles last the oilman All but conceded losing a proxy fight May 13 at Uno cals annual although the actual tally has been postponed until May he had been seeking to delay the annual meeting and Board election for two months to give More time for his takeover last the Delaware supreme court upheld the legality of Uno cals Effort to exclude the Pickens group from cashing in on the company offer to repurchase 29 percent of its Stock for the Premium Price of per Uno cals Stock now is trading for per nocal was offering to repurchase 50 million of its million shares by issuing billion in debt Secu the new debt would make the company less at Tractive to unwanted the Pickens group now owns or of Uno cals the groups offer to increase that stake to percent was derailed by Uno cals More lucrative which effectively lured away nocal said that As of Midnight million shares had been tendered under the company including those controlled by Early nocal ended the uncertainty that had clouded its Stock repurchase saying it would proceed regardless of the outcome of the renewed talks with final agreement Between nocal and Pickens was announced late monday under the Complex Pickens apparently will net slightly less than billion the amount paid by Mesa partners for nocal what Pickens will lose is the estimated million to million he paid in finance and Legal fees and other the agreement Calls for nocal to expand its Stock buyback offer to million shares to permit the pick ens group to participate without diminishing the value received by other but the Pickens group must return to Uno Cal million of the debt it will incur to repurchase his in Pickens will get Back million shares of nocal that Stock will be subject to a 25year no takeover Pickens will pledge to vote that Stock As directed by Uno cals and severe restrictions will be placed on his ability to sell the both companies also agreed to drop several lawsuits they had filed against each honduran Leader backs Call for Aid to contras Washington up honduran president Roberto his fist strongly supported president reagans re 3uest for Aid for nicaraguan rebels tues saying it was a Victory for president Daniel Ortega and the communist party when Congress denied the who arrived at the White House less than a week after salvadoran president Jose Napoleon Duarte met with made the remarks to reporters during a Pic tur taking session a few moments after Reagan welcomed speaking in was highly critical of Congress when he was asked whether he plans to impose Border restrictions on the Artisan Omista contras who operate from within the nicaraguan army has been making forays Over the Border to counter the what kind of restrictions Sakuzo shaking his head and clenching his fist in obvious Congress is the one who has to decide what they want to he what this Congress and the american people should remember is 24 hours after Congress rejected Ortega was in saying hello to the head of the communist i think everybody should recognize the vote in Congress in which they rejected Aid was a Victory for president Ortega and the communist he asked if he was encouraged by what he heard from Republican leaders earlier tuesday on reviving the Aid Reagan smiled and said in encouraged by what in hearing Suazo was lavish in his Praise of saying he has established a leadership role in the he said Reagan is a vigorous adding president Reagan is not an he is not a Suazo said Honduras is fighting for democratic institutions and Liberty and is strongly supporting the Contador pro the proposal by Panama and Venezuela for negotiations to bring peace to Central the honduran Leader arrived in Washington on monday afternoon and was met by Secretary of state George his meeting with Reagan followed a meeting with the Deputy defense Robert at the remembering Rita a photo actor Douglas Fairbanks talks with pictured in the background on a life mag process Yasmin Aga Khan at tribute to Azue cover at the Peak of her Hollywood a new Benefit to is a victim of the she to the victims of alzheimer Mother of the Diplomat attacks refusal to provide help for rebels Washington up nervousness among allies in Central America is understandable because of an impression that the Congress cant make up its mind to go to the a top state department official said Langhorne assistant Secretary for inter american complained to a group of business executives from latin America about last months congressional refusal to approve president reagans re quest for million in financial Aid for the Contra rebels battling the leftist Nicara Guan in paid by the government to try and understand and in confused Over what they Motley Motley in a question and answer session before the Council of the americas Washington conference for corporate came As the administration renewed pressure on Congress to approve Aid for the Secretary of state George Shultz told the same gathering that abandoning the con tras would remove All constraints on the who announced his intention to resign following the Contra said lie understands nervousness about resolve in the Region by such governments As Hon whose Roberto met Reagan its very obvious if you Border with a and you were being shelled from in there and incursions and the rest of and you sat Down in Honduras and watched the United states Congress argue for 24 hours 12 in the House and 12 in the Senate Over million to a Bunch of people that Are just trying to throw out communists in their and then vote if you were a what the hell would you think about resolve so you can understand what the problem he i if nobody in Al Salvador or Honduras in a position of that is of stands up and til just Wing this one alone because i know that the Congress cant make up its mind to go to the you can understand Why theres a Little in his Shultz said the sandinista have turned a deaf ear to reagans april 4 proposal for a ceasefire and churchmen dated talks with the we Hope they will but the nicaraguan communists have shown time and again that they will not Compromise unless there Are and the Best incentive continues to be the nicaraguan armed fighting for the Freedom of their he Reagan wants other use for Money in fund Washington a president Rea Gan wants Congress to find another use for million in Federal Money earmarked for the fund for population who opposes made the request in a supplemental appropriation pro Federal Law stipulates that million in funds from the Agency for International development be obligated to the Reagan proposed that the foreign Aid Agency be allow to use the Money for other