INTERNATIONAL
From Times Staff and Wire Reports
British Aerospace Issue OKd: Shareholders approved a rights issue of stock aimed at shoring up the balance sheet of Britain’s leading defense contractor. Winning stockholders’ approval for the $750-million rights issue, Chairman Sir Graham Day dismissed talk of a possible bid for the company, the nation’s biggest exporter. British Aerospace shares have plunged since it shook the market’s confidence last month with a warning that 1991 profit would be well below expectations. It forecast earnings of about $260 million, with a one-time loss of $433.7 million.
