OTHER NEWS - May 6, 1995

FMC Launches Hostile Bid for Moorco: The maker of chemicals, defense systems and industrial machinery made a $223-million hostile offer for Moorco International Co. and said it is willing to raise the price. The company said it started its cash offer of $20 a share for all of Moorco’s 11.1 million shares. The stock of Houston-based Moorco closed up 88 cents to $22.625 on the New York Stock Exchange. Chicago-based FMC Corp.’s stock was up .25 cent at $62.75 on the NYSE. In an interview, FMC Vice President and Treasurer Cheryl Francis said the company’s $20-a-share hostile bid could go higher. Moorco, which makes products for petroleum and electric power generation companies, said it is considering buyout proposals from several companies other than FMC Corp.