Reuters Holdings PLC of Great Britain offered...

Reuters Holdings PLC of Great Britain offered $7.25 a share or about $92 million to buy New York-based Instinet Corp. . . . Knudsen Foods, which is operating under bankruptcy-law protection, said it completed the sale of nearly half its assets to Kraft Inc. and Hughes Markets for $68 million, plus the value of certain plant inventories . . . Alaska Air Group said it will buy a 50% interest in privately owned San Juan Air Services Inc., which serves the Puget Sound area from Port Townsend, Wash.