James P. Lennane of Sacramento has increased...

James P. Lennane of Sacramento has increased his stake in Herzlia, Israel-based Scitex Corp.’s ordinary shares to 9.55% and plans to buy more shares through negotiated purchases or a tender offer . . . Chemical Banking Corp., the nation’s fourth-largest bank, said it plans to sell most of its European and all of its Far Eastern private banking offices, which manage more than $1 billion in assets. Although the bank declined to give an asking price, one industry source estimated it was about $30 million.