TRISTATE MARKET SPOTLIGHT
Merger fuels big Star gain
Friday, October 30, 1998
Shares of Star Banc Corp. hit a 52-week high of $77.75 Thursday amid continued investor optimism over its acquisition of Firstar Corp. Star gained $3.31 1/4 to close at $77.25. Firstar also hit a 52-week high of $58.62 1/2 before closing at $57.56 1/4, a gain of $1.93 3/4.
Shareholders for both Cincinnati-based Star and Milwaukee-based Firstar approved the merger of the two banking companies this week. As part of the deal, Star will relocate its corporate headquarters to Milwaukee. The combined company will be called Firstar.
Business Headlines for Friday, October 30, 1998Federal money aids Henkel research
Minivan marks 15th birthday
Ashland sets up shop here Jan. 4
Digital TV airs, and P&G is there
Downtown Walgreens closes Saturday
INDUSTRY NOTES: MANUFACTURING
Microsoft says AOL colluded
PEOPLE ON THE MOVE
TRISTATE MARKET SPOTLIGHT
TRISTATE SUMMARY
