Maxicare declared a 50% stock dividend, payable...

Maxicare declared a 50% stock dividend, payable July 8 to shareholders of record June 14 . . . BankAmerica said it signed a definitive agreement providing for the acquisition of an Orbanco Financial Services subsidiary, Oregon Bank, and certain related subsidiaries . . . City Investing said it has completed the previously reported sale of all of the capital stock of its Servomation subsidiary to Allegheny Beverage for $225 million cash . . . Coastal Corp. said it has completed its previously announced acquisition of American Natural Resources for about $2.46 billion . . . Standard & Poor’s reported that it lowered Dow Chemical’s senior long-term debt rating to A- from A and its commercial paper rating to A2 from A1.