Syncor Rejects Offer: Syncor International Corp., a...

Syncor Rejects Offer: Syncor International Corp., a Chatsworth operator of 84 high-tech pharmacy service centers, rejected a $77-million buyout bid from Van Kampen Merritt, a Lisle, Ill., investment bank. Gene McGrevin, Syncor’s president and chief executive, said the firm isn’t for sale and has had no discussions with Van Kampen Merritt regarding a possible transaction. In making the $7.57-a-share bid on behalf of an unidentified client last Friday, Van Kampen Merritt said it had discussed a possible merger with Syncor Chairman Monty Fu in August.