Cannon Group said it will temporarily lower...

Cannon Group said it will temporarily lower the exercise price of certain warrants to $20 from $25 from Jan. 7 through Jan. 24 “to strengthen the balance sheet” . . . Barris Industries said it plans to file with the SEC a proposed secondary offering of 1 million of its 8.7 million common shares outstanding, to be sold by company Chairman Chuck Barris . . . Occidental Petroleum began its cash tender offer for 51% of Midcon Corp. in the first stage of a two-step takeover valued at about $3 billion . . . Savin Corp. said that, pending finalization of a restructuring proposal later this month, it is unable to determine whether it will pay interest due Feb. 1 on its 14% subordinated debentures due Aug. 1, 2000 . . . Chrysler Corp. and the United Auto Workers signed a new three-year labor agreement that ended a 12-day U.S. strike last fall against the No. 3 auto maker . . . Eastern Airlines’ flight attendants union has revised its Jan. 20 strike deadline to coincide with a Feb. 28 default deadline set by the airline’s creditors, a union spokesman said.