New York-based ITT Corp. announced an offer...

New York-based ITT Corp. announced an offer to purchase its common stock from shareholders of record on Aug. 26 who own 25 or fewer shares . . . Dalton Communications Inc. of New York announced that it had signed a letter of intent to sell the Penny Stock Journal to Financial Data Systems Inc. for an undisclosed purchase price . . . Prism Entertainment Corp. announced that it has informed Atlantic Entertainment Group that Prism has terminated all further steps in connection with a proposed merger . . . A Transamerica Corp. unit and Alexander & Alexander Services Inc. said they have reached an agreement under which Transamerica Financial Corp. will acquire A&A;’s insurance premium financing unit for about $73.8 million.