Tejas Gas operating leverage stoked by Acadian addition

Article Abstract:

Some analysts in the financial community are skeptical about Tejas Gas Corp's decision to purchase Acadian Gas Group. They claim that the purchase, which required Tejas to borrow from banks, deprived the firm of funds vital to maintain competitiveness in the industry. However, other sectors view the purchase as beneficial to Tejas for a variety of reasons. One of these is that Acadian already has a captive and profitable market in the Baton Rouge-New Orleans areas in Louisiana, which boast two major electric utilities and 40 industrial firms.

Gas transmission and distribution, Gas Production and Distribution, Mergers, acquisitions and divestments, Gas industry, Coral Energy L.P., Acadian Gas Group

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Household Int. timeliness unrefuted by correction

Article Abstract:

The debt rating of financial services holding company Household International Inc (HI) and its subsidiary Household Commercial Financial Services was reduced by Duff and Phelps Credit Rating Co on Jan 30, 1992. This came at the heels of HI's $33.9 million 1st qtr loss in Dec 1991 and its decision to withdraw from servicing high-risk loans. Analysts, however, are optimistic that HI's stock will climb with prospects of an economic recovery in 1992.

DEPOSITORY INSTITUTIONS, Personal credit institutions, Mortgage bankers and correspondents, Life insurance, Holding companies, not elsewhere classified, Financial services industry, Financial services, Household International Inc., Household Commercial Financial Services Inc.

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Leverage is key to growth for Allegheny Beverage

Article Abstract:

Using leverage buyouts to build up capital, Allegheny Beverage has become a divestified service company. It's main problem was its bad investment in Wickes Cos. before Wicke's bankruptcy. The company is seen as undervalued at the present time.

Bottled and canned soft drinks, Finance, Economic policy, Soft drink industry, Wickes Companies Inc., Leonard, James, Allegheny Beverage Corp., Macke Co.

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