R.H. Macy & Co. announced that it...
From Times Staff and Wire reports
R.H. Macy & Co. announced that it had completed the sale of $119 million in additional equity to several of its stockholders and received the proceeds from the transaction. Macy has said it planned to use cash from the sale to buy back some of its bonds . . . Britain’s Conservative government will allow a merger between Rupert Murdoch’s Sky Television and British Satellite Broadcasting to proceed without referring the deal to the Monopolies and Mergers Commission.
