European Stars And Stripes (Newspaper) - October 25, 1988, Darmstadt, Hesse Tuesday october 25, 1988 the stars and stripes Page 5 firm launches its 4th Aegis Bath Maine a Bath Iron works corp. Sunday launched the Monterey he fourth Aegis Cruiser it has built for . Navy the company is under contract to build seven of the $1 billion vessels. The ship had been scheduled to slide Down the ways on saturday but heavy rain forced officials to postpone the launching. Capt. Joel b. Heaton prospective commanding officer of the ship was presented a Flag flown aboard the world War ii Cruiser Monterey which won 11 Battle stars in the Pacific. The 567-foot Monterey will carry a Crew of 315 when commissioned into the Navy s Active Fleetin 1990. The ship which May be As signed to an aircraft earner Battle group has an advanced system of radar computers and missiles called Aegis from the greek for Kraft rejects Philip Morris bid reveals recapitalization plan gang violence takes 4 lives in California los Angeles a gang Mem Bers crashed a birthday party Slabbed one Man to death and wounded two others As Southern California weekend gang violence claimed four lives with five wounded. Gang members crashed a Ifill birth Day party for two girls in West Valinda Laic saturday. A tight broke out and Migel Cruz 21, was fatally stabbed inthe Chest. Two Brothers were wounded. Gang members in a car mistook six youths in another car for rivals saturday in Lennox and fired several shots during a Chase. A 14-year-old boy was arrested. A reputed gang member was wounded in a drive by shooting at Lincoln Park Sun Day the Man was hospitalized in extremely critical condition. An alleged gang Mem Ber was shot several limes m Lincoln Heights and died. One Man was killed and another wounded in a gang related shoot ing saturday in Korc town. Some men were on a porch when occupants of two ears driving by opened fire. A 21-year-old Man was killed Friday when men in a Sedan fired several shots at his car. Three men in a vehicle Matching the description of the gunman s car were stopped and taken in for questioning. Glen View i. A directors of Kraft inc. Sunday rejected an is 1 billion takeover hid by Philip Morris cos. Inc. And announced a $13.59 billion recapitalization plan intended to increase the value of its Stock. John a Richman chairman and chief executive officer of Kraft said in statement inc plan should boost the value of the company s Slock to $ 110 per share. Philip Morris offered last week to buy Kraft for $90 a share. We should take action to maximize shareholder value rather than accept an inadequate offer Richman said. We strongly believe the s90 takeover bid undervalues the recapitalization would include distribution in Cash and securities of about $98 per share and retention of common Slock interest. Kraft has nearly 123.6 million shares outstanding. On Friday in closed at $92 a share on the new York Slock Exchange. Kraft issued its statement Laic sunday from its Headquarters in suburban Chi Cago. Philip Morris spokesman Tom Rick reached by Telephone in new York would not immediately comment on the announcement. However in was expected that the to Bacco and food products company would raise its bid if necessary. Some securities analysis said a bidding War could erupt. Richman said Kraft s recapitalization plan would be presented to the company s Board of directors soon and then largest food company buyouts in billions of dollars Kohlberg Krals Roberts & co acquired Beatrice companies inc. &6l Philip Morris co. Inc. Acquired general foods corp. I 451 . Reynolds industries inc. Acquired Nabisco brands inc. Nestle a acquired Carnation co. Beatrice companies inc. Acquired Esmark inc. Chicago Tribune graphic source mergers and acquisitions data base would be submitted to stockholders at a special meeting. He said the plan would involve Selling some Kraft businesses but that Core brands representing about 80 percent of the company s profits would be Kepi. The plan also involves borrowings More than $6.8 billion and the Public Sale of some $3 billion of debt. Kraft has already begun negotiations on some of inc sales and Goldman Sachs and co. Has said it is confident it can place the debt Kraft said. White Richman said the company would proceed with the recapitalization plan he left open the possibility that in aboard could accept another bid. Someone comes Forward with a trans action that would be More desirable than the restructuring plan we will negotiate and the Board will give full consideration to such a transaction Richman said. A combination of Kraft and Philip mor Ris would create the world s largest maker of consumer goods and would decrease Philip Morris Navy dependence on prof Itable bul sales. Philip Morris Best known for Marlboro Virginia slims Benson & Hedges and Merit cigarettes look Over general foods corp., inc maker of jello Maxwell House Kool Aid shake n bake and Oscar Mayer in 19s5 for$s,6 billion " the addition of Kraft would bring such names As act victa thousand is land dressings cheer Whiz Breyer slight v Lively scariest an d Frusen Laduc to the Philip Morris lineup. Cancer victims get new treatment Pittsburgh a the Pitts Burgh cancer Institute has started human testing of a treatment thai Doc tors Hope will enhance the body s ability to fight cancer and perhaps dissolve malignant tutors. Two patients at the Center were the first people to receive inc treatment Invitto sensitization or ivs which previously had been tested Only on mice the Pittsburgh press reported sunday. Studies have shown inc process Ignis remaining tumor cells in mice the news paper said. In some cases the animals cancer has been eliminated. Researchers say in is too soon to Tell what effect inc treatment has had on the two patients. Their patients identity and the Type of cancer they had were not Dis closed. The tests began in june. I have no question but that at some Point in the intermediate term future this will be of therapeutic Benefit said or. John m. Kirkwood one of two Prin Cipal investigators in the study. Or. Norman Wolmark inc other Lead investigator said he information Gath ered in the study should be useful in pointing the Way even if there is no immediate effect on the two patients to mors. "1 think the treatment can be modified in inc Hope that a successful tumor response will result he said. In Vitro serialization involves removing a tumor and irradiating in to inactivate the tumor cells researchers told the press. The cells arc combined with a bacterium commonly used to vaccinate against tuberculosis in order to stimulate the patient s immune system. The a tical then is injected with the irradiated cells to produce sensitized lymphocytes or cells critical to the body s natural defense against disease Sands of time and infection researchers said. Other Steps in inc Complex treatment involve the use of the Luxor fishing hormone Inlerleukin-2 research cars told the press it May be iwo years or More before enough Pau cols Are treated for a sufficient amount of time to determine the effectiveness of the treatment. The groundwork for the treatment was begun More than five years ago at the National cancer Institute in Washington by research scientist Suyu Shu. In 1986, Shu moved to the Pittsburg cancer Institute which is affiliated with the University of Pittsburgh where he continued his Laboratory work with mice. He recently left for Llie University of Michigan. Shu s approach called adoptive cellular is not a widely used approach to cancer research. 2 mexican cops trying to make heroin Deal new York a two mexican police officers were arrested after they offered to ship 110 pounds of heroin Worth up to $50 million to the United states each month a drug enforcement administration spokesman said sunday. These to defendants were using their positions in inc Acapulco Region to safely transport the heroin to the United slates said Dea spokesman Robert Strang. The heroin would have been manufactured in Mexico and sent to new York by plane he said. A kilogram of heroin which equals 2.2 pounds has a Street value Fupton is million. Agents posing As organized crime Fig ures spoke with the men in Mexico by Telephone and the pair flew to new York City on Friday to Complete the Deal Strang said. After dining with the mexican officers saturday night iwo undercover agents went to a hotel where the two men were staying and gave them 115,000 Cash As partial payment in the proposed drug Deal strand said. A surveillance Cam Hen moved in and arrested Pedro Guillen 39, an Margaritan Villagrana 42, he said. They arc slate police officers from Guerrero Mexico which includes Acapulco he said. They were charged with conspiracy to distribute heroin a felony that carries a penalty of 25 years to life in prison Slang said. They were to appear m stale supreme court on monday. In the stars and stripes 70 years ago today. Oct. 25, l9is the Battle of the Argonne a card the end of its first month As British and american troops battled German tanks across the so Lac River in France 40 years ago today. Oct. 25, 1948 . Truce observers in Lebanon reported that israeli forces were conducting strikes against arabs along the lebanese Border. 30 years 090 today. Oct. 25, 1958 Premier Nikita Khrushchev announced the soviet Union had offered the United Arab Republic 400 million rubles for construction of the first Aswan dam. 20 years ago today. Oct. 25, 1968 a correspondent from the brazilian newspaper journal de Brasil returned from North Vietnam with 50 letters from american prisoners of War to be forwarded to their relatives in the untied slates. 10 years ago today. Oct. 25,1978 Brush fires near los Angeles destroyed More than 100 expensive Homes scorched nearly 40,000 acres and turned thousands of Canyon and beachfront residents into refugees
