Cooper Laboratories said that, in light of...

Cooper Laboratories said that, in light of the adoption by the shareholders of Rorer Group of a resolution requesting Rorer’s board to redeem Rorer’s “poison pill,” Cooper intends to seek to drop its lawsuit challenging the legality of the poison pill . . . Lucky Stores said that it has reached an agreement in principle to sell 16 of the Eagle food stores that it operates in the Chicago area to Dominick’s Finer Foods for undisclosed terms . . . Manville Corp. reported that an agreement has been reached settling its insurance disputes with Peerless Insurance, subject to approval by appropriate judicial authorities . . . The Investment Company Institute reported that the assets of the nation’s 343 money-market mutual funds rose $3.12 billion in the week ended May 22 . . . Upjohn Co. said its shareholders have approved two “poison-pill” measures aimed at protecting the giant drug and agricultural company from hostile takeover attempts . . . Tyco Laboratories announced that it has repurchased 497,000 shares of its common stock on the open market since the end of April . . . Hitachi America introduced the electronics industry’s first complementary metal oxide semiconductor single-chip microcomputer with one-time electrically programmable read-only memory . . . FoxMeyer Corp. announced the acquisition of Devco Medical Industries, a privately held, California-based distributor of hospital supply products, for an undisclosed amount of cash.