OTHER NEWS - Jan. 3, 1996
Times Staff and Wire Reports
Teledyne Inc. said it purchased Stellram Group, a maker of high-precision milling, boring and drilling systems, strengthening its position in the European machine tool market. Terms were not disclosed . . . Texas Instruments Inc. and Korea’s Samsung Electronics Co. said they are suing each other for patent infringement after talks to renew a semiconductor license agreement broke down. . . . General Motors Corp. said it is changing the name of its GMC Truck division to GMC. . . . Fleet Financial Group announced an agreement to convert Kohlberg, Kravis & Roberts’ preferred stock holdings in Fleet to common stock, giving KKR a 7.5% stake in the banking company.
