wsj_0340.xml
WSJ891101-0024
WSJ891101-0024
=
891101
=
891101
891101-0024
.
891101-0024
.
International
Brief
--
Cie.
de
Navigation
Mixte
:
@
Credit
Lyonnais
Unit
Buys
@
Stock
to
Help
Defeat
Bid
International
Brief
--
Cie.
de
Navigation
Mixte
:
@
Credit
Lyonnais
Unit
Buys
@
Stock
to
Help
Defeat
Bid
11/01/89
11/01/89
11/01/89
WALL
STREET
JOURNAL
(
J
)
WALL
STREET
JOURNAL
(
J
)
F.CNM
F.CLC
F.CFP
F.CNM
F.CLC
F.CFP
TENDER
OFFERS
,
MERGERS
,
ACQUISITIONS
(
TNM
)
INSURANCE
(
INS
)
FOOD
PRODUCTS
(
FOD
)
TENDER
OFFERS
,
MERGERS
,
ACQUISITIONS
(
TNM
)
INSURANCE
(
INS
)
FOOD
PRODUCTS
(
FOD
)
The
portfolio
unit
of
the
French
bank
group
Credit
Lyonnais
told
stock
market
regulators
that
it
bought
43,000
shares
of
Cie.
de
Navigation
Mixte
,
apparently
to
help
fend
off
an
unwelcome
takeover
bid
for
the
company
.
Earlier
yesterday
,
the
Societe
de
Bourses
Francaises
was
told
that
a
unit
of
Framatome
S.A.
also
bought
Navigation
Mixte
shares
,
this
purchase
covering
more
than
160,000
shares
.
Both
companies
are
allies
of
Navigation
Mixte
in
its
fight
against
a
hostile
takeover
bid
launched
last
week
by
Cie
.
Financiere
de
Paribas
at
1,850
French
francs
-LRB-
$
297
-RRB-
a
share
.
Navigation
Mixte
's
chairman
had
suggested
that
friendly
institutions
were
likely
to
buy
its
stock
as
soon
as
trading
opened
Monday
.
The
Credit
Lyonnais
purchase
,
for
33,000
regular
common
shares
and
10,000
newly
created
shares
,
is
valued
at
about
slightly
more
than
80
million
French
francs
.