European Stars and Stripes (Newspaper) - January 9, 1994, Darmstadt, Hesse Page 20 the stars and stripes Money matters sunday january 9, 1994 Dollar watch shown below Are the highest Dollar Exchange rates for the week of Jan. 3-7 compared with Dollar rates for the same period one year and five years ago. German Mark one Dollar would 170 1.59 178 1993 1992 1988 a military Exchange rats. British Pound one Pound would Cost you1 1.78 1.53 154 1993 1992 1980 Bel Lanfranc one Dollar would buy you 36.15 33 62 38,82 1992 1988 1.89 1993 dutch Guilder one Dollar would buy you 2.03 178 1992 j 1988 r French franc one Dollar would buy you 5.91 6.15 5.57 1993 1992 greek drachma one Dollar would buy you 243.65 208-61 149.10 1993 1992 italian lira 1988 one Dollar would buy you 1,689 1534 1,316 1993 1988 Spanish peseta one Dollar would buy you 145.75 116.09 113.60 1993 1988turkish lira one Dollar would buy you 14,654 Quot 8,642 1993 1992 1,825 1988 Viacom blockbuster plan merger to win Paramount new York apr Viacom made a bold grab at Victory in the prolonged takeover Battle for Paramount increasing its Cash offer and agreeing to merge with blockbuster entertainment. The moves were announced Friday just hours before deadline for Viacom either to raise its bid for Paramount or risk losing the company to Barry Diller Sivc Home shopping network Diller a former Paramount Novie Boss has another two weeks to consider revising his offer following Viacom Shew bid a. A Viacom inc owns Cable networks such As mtg and Showtime while blockbuster entertainment corp., based in fort Lauderdale fla., is the nations biggest video rental store operator. Both Viacom and ivc network inc. Are offering combinations of Cash and Stock for Paramount communications inc. / a a a a a a while Viacom a offer contains about $1 billion More Cash than a a offer the Overall offer is Worth slightly less securities analysts said. Viacom said it was raising the Cash portion of its offer for 50.1 percent of Paramount to $105 a share. It had been offering $85 a share or about $5.1 billion for 51 percent of the entertainment and publishing company. Analysts said the Stock being offered for the rest of the Paramount Stock makes the Overall value of the bid about $79.23 a share. Ivc a a latest offer was $92 a share or about $5.5 billion for 51 percent of Paramount Stock. Counting the Stock being offered in the second part of the Deal ivc a a bid is Worth about $82 a share Wayne Huizenga head of blockbuster entertainment corp., discusses the merger of his company with Viacom in a news conference at fort Lauderdale fla., on Friday. Analysts say. However stockholders have been of 1 put. The Cusing on the Cash portion of the bids because Cash gives them greater certainty about the value of the Deal in contrast to Stock whose Price can vary widely. Moreover As Long As Viacom is Able to Garner just Over half the 119.6 million Paramount shares it will control the company and eventually Complete the merger. The Paramount Board backed the latest ivc offer after resisting the Cable shopping Channel operators advances for several months. Paramount said its Board would meet this week to consider the revised Viacom takeover offer a a it a Way too Early to say who is going to win Paramount a said Jessica Reif analyst for Oppenheimer amp co. New year on new York up after closing out 1993 on a sour note Wall Street welcomed the new year with a smile on its face.,. A athe Blue chips rallied on the first week of 1994, enabling the Dow Industrial Averack to set three consecutive record signs and break the 3800 Barrier for the first time. The Dow also scored its biggest weekly gain in nearly eight months which is a mean feat for an aging Bull Market. Many analysts Are concerned that the Market is overdue for a major correction because its Bull Market Cycle has passed its prime. Alan Ackerman executive vice president at Reich amp cx>., said that a at Long last the Dow has broken a psychological Barrier at 3800�?� on thursday after flirting with the Milestone for nearly two weeks. He said a Bonds rally a sparked the Advance in the Stock Market. Interest rates remain relatively Low and that encouraged Stock despite some profit taking the Advance a appears to be a continuation of investor Confidence and Money flow a Ackerman said referring to a historic new York Exchange new York up the 15 most Active stocks in new York Stock Exchange composite trading on Friday Stock Salei last Netcha. Blockbuster enl 7,024.700 Aeok a Oft a Tele Lonos de my 4.736,500. 66 a off 1 i circuit qty str 4.522,000 17v a upor of Fly Amer express co 1 4,024,000 a 29 Wal Mart stores. 3,970,700 24 off Kmart corp 3,536900 20 up v5 a Merck amp co inc 3.460,400 �37 up adv Micro orcs. 3,129,000 10w up merry go round at amp to company 3.024,800 2 off 3,009,900 54 a up -. Time Warner inc 2,793,200 40v4 up Rwjr Nabisco hid. 2,745,400 7 up rite Aid Carp 2,703,100 10w Upit a general motors a 2,537,600 57 up Walt Disney co a 2,523.400 a 4gv2 up 1 via pattern of reinvestment and deployment of Cash Early in a new year. Alfred Goldman Market strategist at . Edwards amp sons inc. In St Louis attributed the buying in economically sensitive or cyclical Blue chips on the continued flow of encouraging economic news. Investors a Faith in the Economy did it a Goldman added. For the week the Dow Jones Industrial c american Exchange j a new York do american Slock Exchange Slock Salet last Calton arc -1,219605 2 i Echo Bay mines a 1,173 705 14 wars corp 1,131.905 vhf Energy service a a 729,105. 3 7-16 Royal Oak mines 626.005 5 Amdahl corp. A 565,300 7 inner Ontl comm 4b0.1oo. 5 a a a a new York Timosa 448 550 a 28 a viacomfnc.8 a 1 40z00-q 41 Chiles onshore 341 305 a 41/y the 1d most Active stocks in composite trading Friday. Quot a a net ghz. Up 7.16 off Vuk a a up a up 1-16 off k unch unch up 1 off 1 a off a c Dow Jones. New York up a Dow Jones closing Range of averages on Friday a. A. A cd of qts Lour Closa Chang 30,industrials 3042,15--- 20 transport Tats 72 15 utilities 223.70 65 stocks. 1407.35 Low Cross change 3776.63 3020,77 up 16 69 1791.91 1799.21 of not 220.14 zz2.ga up 1,70 1385.84 1393,31 up 4,03 average which eased 3.63 Points or 0.1 percent the previous week a surged 66.68 Points or 1.8 percent to a new Al time High 3820,77. Report indicates growth but no booms amps Washington a the unemployment rate fell to a three year Low last month even As slower than expected Job growth soothed investor fears of an Overly robust economic recovery. A steady growth not a Boom is what is implied by december a economic data a said John Silvia chief economist for Kemper financial services of Chicago. The labor department reported Friday that the december unemployment rate was 6.4 percent the lowest level since january 1991. It was a modest decline from a revised 6.5 percent in november. The government initially reported the november rate at 6.4 percent but corrected it to reflect seasonal factors. The report also showed that nonfarm payrolls swelled by a seasonally adjusted 183,000, to 111 million. More than a third of the new jobs a 68,000 of them a were in the service sector. More than half of those were temporary slots. Separately the Federal Reserve a Consumers increased their borrowing november for the sixth Conse Cuti month. Consumer credit outstanding a Vance at a 10.6 percent annual rate to seasonally adjusted $783.1 billion. Economists said both reports indicate a Strong finish for 1993 and were i Dence that growth continued in the Eai months of this year
