OTHER NEWS - July 22, 1996
Times Staff and Wire Reports
Caterpillar May Bid for Varity: The farm and construction equipment giant is said to be especially interested in the engines unit of Buffalo, N.Y.-based Varity Corp., which Caterpillar would add to its own diesel engine arm, according to a report in the Sunday Times of London. But Varity already has a deal, valued at $2 billion, to be acquired by Lucas Industries of Britain. That combination would create the world’s second-largest maker of brakes for cars and trucks.
