European Stars and Stripes (Newspaper) - June 8, 1994, Darmstadt, Hesse                                Page 16 the stars and stripes Money matters h wednesday june 8,1994today�?Ts rates following Are fixed rates at which Community banking anti credit Union facilities will sell for sign currencies to . Personnel for personal use British Pound .154 dutch Guilder. 1-82 German Mark. 1.63 greek drachma .239.1758. Noto tha fates above apply within the Host country. Figures Are expressed in dollars to the British Pound other currencies to the Dollar following Are Interbank rates that fluctuate and should be regarded As the approximate value of the . Dollar to foreign currencies austrian Schilling .11,7535 Bahrain Dinar 0.37675 belgian franc .34.40 British Pound.1.5045 Canadian Dollar 1.3685 danish Krone .�?6,537 dutch Guilder .1.8755 French franc. 5,6972 German Mark -.1.6707 italian lira Kuwait Dinar. 0.2979 norwegian krone.7.2305 portuguese escudo 173.2b saudi rial. 3.75 Spanish peseta 136.99 Swiss franc turkish lira. 32,000.00 note figures Aro. Expressed in dollars to the British Pound other currencies to the Dollar. J Gold quote 5360.50 an ounce a Silver quota $5,25 an ounce. Sources merchants National Bank amp Trust co., the associated press United press International l new York Exchange new York up York Stock Exchange Slock syr sex corp a Merck amp co inc Pepsico inc Philip Morris Rwjr Nabisco had Wal Mart stores Telef Orros de my Rwjr Nabisco pop ism corp Sara Lee corp Compaq computer general motors Wax technology Chrysler corp Citicorp a the 15 Mast Active stocks let new composite biding monday. Salet 10,451,500 4,451,600 4.203.000. 4,148,000 3.055.300 3.320.000 3.277.000 2.351.000 2.344.2qq 2,310,800 2,302,500 2.2g5/30q 2,220,100 2.2l7.s00 2.048.300 till 23 3dft 34ft 50ft �5ft 23ft 63�?Ta 5 it 62v a 23vb. 110v 5.1 2m a 46ft 4q a net dig. Elf is Oil it off 1ft up 1ft unch a do it up 1 off 1-16 up 1ft up it Oft tit on 1 a Xref is atm up it e american Exchange new York up a the 10 most Active stocks in american Stock Exchange comp Sta trading Mufida. Stock sties it to Char explore Tel co la 1,506.900 1 11-16 bit h 6 Wax corp 698,100 -1718. Old it. Cheyenne softer 587,300 gift up it Hanover direct a 527,300 6ft. Up it Hasbro inc a 404.900 32ft unch Echo Bay mines 400,500 Toft Elf it Viacom inc b 395,880 27ft. Audi Vox corp a 299.600 Al off Royal Oak mines 299.500 d15-16 hit it non communicate 244,400 6ft unch r Dow Jones new York up Dow Jones closing Range of averages monday. 30 industrials .20 transport 15 utilities 65 stocks High 3812.93 1630,33 189 30 1324.75 Low 3749.75 1608.04 186 40 1304.28 Chino 3.70 clot 3768.52 Oil 3. 1615.77 0112.64 107.52 up 0.48 1310.89 Oft 0.99american for game by Dirk Beveridge the associated press London a to Ordinary scrabble players the word Quot takeover Quot could be Worth 15, 30 or 45 Points a Evert More if the Points on some letters Are doubled or tripled. But two big american bidders Mattel and Hasbro put the value in eight figures As they fight for control of a British com party with rights to sell the popular Board game outside North America. The attempted buyout of . Spear amp sons pc intensified monday when has Bro us the British subsidiary of Hasbro inc., tried to shoot Down a $78 million bid made last week by rival Mattel inc Hasbro said Mattel a offer came in too late to outdo hasbro1 s. Earlier bid that valued , Spear at $70 million. Hasbro already owns 26.7 percent of  Spear based in the London suburb of Enfield and had offered to buy out the rest for $13.50 a share. Family trusts that control 24.0 percent of the shares agreed to Hasbro a offer provided no better bid came in by Midnight last thursday. That would have Given Hasbro a controlling stake. But with the deadline looming . Spears investment Bankers attained the sweetened offer of id a share from Al Segundo  Mattel. Mattel s offer was sent via fax to the London Stock Exchange with just 10 minutes to spare thursday night. Hasbro argued monday that the bid was not valid because the general Public was not informed until Early Friday morning. But Mattel and , Spears investment Bankers claim Mattel beat the deadline. It was unclear monday whether the sides might be beaded to court or whether they might just Start making bigger bids As some analysts have predicted. A a we Haven to decided what action we re going to take yet Quot said Nigel Hutton a spokesman for Hasbro us. The Parent Hasbro based in Pawtucket r.i., already owns the . And Ca Nadian distribution rights for scrabble. . Spear owns distribution rights elsewhere accounting for about half the 3.5 million scrabble games sold each year worldwide according to Philip a Cleon a marketing executive with . Spear. Although the . Market is biggest Consumers there pay about $10 to $12 for a scrabble set less than half the Price the game might command in Europe. Scrabble is booming in new markets of Eastern Europe where it is often considered a luxury item Nelson said. The game remains the same in other languages and alphabets though some values change. For example the letter a a a Quot is Worth at least 10 Points for British players who pronounce it a a Zed and done to use it in Many words. But in Poland where Zus Are More common players can get just 1 Point a Cleon said. Poles Are expected to. Buy 100,000 scrabble games this year and other versions of the game have recently been introduced in Czechoslovakia Hungary and Turkey. Delta defends move to bail out of Deal with crashing pan am company switches off plan for music Channe new York a the Bertelsmann music group confirmed monday that it has shelved plans to launch a music video and Home shopping Cable Channel with telecommunications inc., the nations biggest Cable system operator. The companies had planned to Bunch the service this year in direct Competition with Viacom  mtg Channel. But several major music Industry companies including the music divisions of Sony corp., time Warner inc., Thorn Emi pc and poly ram no subsequently announced plans to launch a music Channel. New York apr Delta air lines chairman Ron Allen said monday that the company was worried about a funding a Black Hole years ago when it Cut off Loans to pan american world airways Days before it ran out of Cash and shut Down. Allen testifying in pan am a $2.5 billion breach of contract lawsuit against Delta said he Learned of pan am a wors etting situation about a week before deciding to walk away from a plan to Rescue the airline. Delta had provided All the Money it had promised pan am to help it stay alive through its reorganization Allen said. Pan am claims it was due at least an additional $10 million. Delta executives Hadnot made a decision on plans to invest in a reorganized pan am which would have been 55 percent owned by creditors and 45 percent owned by Delta. A we wanted to wait and see How things developed Quot Allen said. Pan am executives were seeking others including Twa owner Carl Icahn to provide enough Money to carry it through the final Days of its reorganization. As things worked out pan am never found any additional Money and shut Down dec. 4,1991, Days after Delta dropped its Bombshell. Pan am says that Delta had promised to provide it with enough Money to finish its reorganization and that the Atlanta based airline went along with the promises Only to get pan am a Northeast shut tie an d it s t r an sat a n tie routes. Pan am a revenues weren to measuring up to expectations in the final Days of november 1991. American airlines was cutting fares on Delta chairman Ron Allen shown Here in a file photo says Money worries Ted away from a Deal to help Rescue pan american world airways. Of it him to walk pan am a most significant remaining routes from Miami to the Caribbean and latin America. Midway airlines had just gone out of business raising further scepticism among passengers about buying tickets on an airline in bankruptcy court. Russell Ray the Man picked by Delta As pan am a new chief executive a did no to have a clue As to what to do about the Revenue shortfall a Allen quoted him As saying. Between nov. 25 and dec. 2, Delta executives held meetings among themselves and with pan am executives. After them a we did no to feel it was a prudent business decision for us to provide any additional interim financing to pan aim a Allen Saia  argues that it was under no obligation to provide All the Money ran am needed. Since the shutdown what is left of Tan am has been Selling assets and pursue g lawsuits such As the one against Deua raise Money to pay off creditors. Sara Lee forced to slice thousands of jobs worldwide Chicago apr Sura Lee corp. Is cutting 8,000 to 9,000 jobs to slim Down following a buying Binge that broadened its businesses from its namesake pastry to pantyhose and underwear. The layoffs amount to about 6 percent of Sara Leeds worldwide work Force. Most Wilt conic from consolidation of plants that make and distribute sheer pantyhose sweat shirts and knitwear Sara Lee said monday. The company said a Little More than half the layoffs will be in the United states but it did not detail which plants will be affected. The company blamed a trend toward More casual women s work Wear for sales slippage in its Hanes and leggs s l hosiery lines. And its Hanes and Clamp on Brand sweat shirts and sweat Pano have not sold  Competition has never been More in tense a Sara Lee chairman John h. J a said. A a you re in a very Low inflation j with very Little pricing flexibility today