OTHER NEWS - Nov. 30, 1995
<i> Times Staff and Wire Reports</i>
Mercury Air, Carnival Air Agreement Canceled: Los Angeles-based Mercury Air Group Inc. shares fell 7.1% after the company canceled an agreement to acquire Carnival Air Lines Inc. of Ft. Lauderdale, Fla., when the companies failed to agree on terms. Shares closed down 68.75 cents at $9 on trading of 59,300 shares, more than four times its three-month daily average of 12,600. Closely held Carnival Air provides long-haul scheduled and charter passenger air services in domestic and international markets. Mercury Air provides petroleum products and cargo and aviation services to commercial airlines.
