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Tuesday, May 4, 2004

Tristate summary


5/3 gets OK on Franklin plan

Staff reports

Shareholders of Franklin Financial Corp. of Franklin, Tenn., gave overwhelming approval Monday to its long-delayed acquisition by Fifth Third Bank.

Fifth Third, Cincinnati's biggest bank, announced the purchase of Franklin in July 2002, but a federal stay on Fifth Third acquisitions held up the deal. Suburban Nashville-based Franklin, which has assets of roughly $950 million, expects the deal will close by June 30. Fifth Third shares fell 22 cents to $53.50. Franklin shares rose 21 cents to $31.82.

Study boosts P&G patch

Procter & Gamble Co. Monday unveiled a new study that it said shows its Intrinsa female testosterone patch effectively increases sexual activity and desire in post-menopausal women. The study covered 562 women, who showed a 74 percent increase in the frequency of satisfying sexual activity, P&G said. P&G's Mason-based pharmaceutical unit is developing Intrinsa, which is in the final level of clinical trials. Convergys wraps DigitalThink deal

Cincinnati's Convergys Corp. Monday said it has completed its previously announced acquisition of DigitalThink Inc., a San Francisco-based provider of Web-based learning. The billing and customer care provider, located downtown, paid $120 million for DigitalThink.

Winn-Dixie stores interest retailer

Belgian food retailer Delhaize said Monday that it might be interested in buying stores from Florida-based Winn-Dixie, which said last week that it would sell or close 156 stores nationwide - including 21 Thriftway markets in Greater Cincinnati. But a spokesman for Delhaize's North Carolina-based Food Lion division said his company probably wouldn't be interested in Thriftway.

"We're not currently looking to expand into any new markets,'' Food Lion spokesman Jeff Lowrance said.




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Delta to recall laid-off pilots
Markets await Fed action on interest rates
Milacron out of tool cutting
Delhaize tepid on Thriftway
Tristate summary
You ought to be in pictures
Ford's auto sales slump, but competitors improve
New virus a global pest
Sickness adjourns Adelphia trial



 

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