OTHER NEWS - March 30, 1995

Clark Equipment’s Stock Soars: Shares rose more than 50% on speculation that Ingersoll-Rand Co. will sweeten its takeover price after Clark turned down a $1.3-billion offer. Clark’s stock leaped $28.125 to $81.25 on the New York Stock Exchange while Ingersoll-Rand was unchanged $32.125, also on the NYSE. Ingersoll-Rand, which makes air compressors, pumps and other industrial machinery, disclosed earlier this week that it was bidding $75 to $77 a share, or about $1.3 billion for Clark, a maker of construction machinery. Clark said its board met Monday and rejected the offer as inadequate.