Page 6 THE BATTALION
THURSDAY, AUGUST 6, 1981
National
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CAMPUS THEATRE
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NOW SHOWING:
NOW
IS THE TIME
Church opposes
policy of arms
for El Salvador
United Press International
ANAHEIM, Calif. —President
Reagan’s church opposes his poli
cy of arms for El Salvador and one
missionary suggested the United
States was partly to blame for the
killings of thousands of “Christian
, martyrs” in the Central American
nation.
Delegates representing 1.25
million members of The Christ-
ian-Disciples of Christ Church
adopted resolutions Tuesday
opposing all military aid to El Sal
vador and calling for an end to
deportation of Salvadoran re
fugees seeking political asylum.
Both measures were adopted
after an emotional debate in which
it was suggested that the United
States shared some of the respon
sibility foi; the bloodshed in El Sal
vador.
“In the last six months,” Juan
Marcos Rivera, a missionary from
Puerto Rico, said, “9,250 Christ
ian martyrs have been assassin
ated with the help of those coun-
lOpri 2:15 Dally
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tries that have provided military
aid to El Salvador.”
Another delegate, the Rev.
Kenneth Kennon of Tucson,
Ariz., said he had been told during
a visit to a refugee center in El
Centro, Calif, of reports that a
mother and child who were de
ported from the United States had
been taken from the airport at San
Salvador and gunned down in the
street as an example to others who
might try to flee.
In another vote opposing admi
nistration policies, delegates cal
led for a boycott of Nestle pro
ducts because of its infant formula
marketing practices in Third
World countries. Included in the
boycott are Stouffers Inns or Rusty
Scupper restaurants, both Nestle
subsidiaries.
Reagan, who maintains mem
bership in the Hollywood-Beverly
Christian Church in Los Angeles,
last May ordered the United
States to cast the single World
Health Organization vote against a
plan to curb aggressive marketing
of the infant formula.
Delegates deferred considera
tion on a resolution urging the
church to support programs —
some facing Reagan administra
tion budget cuts — that help
Americans “struggling to survive”
despite “poor health care, inade
quate housing, substandard edu
cation, joblessness, undernour
ishment and insufficient income. ”
Delegates worried by the
ministry of Rev. Jim Jones, a
church member who led hun
dreds of his followers to their
deaths in 1978 in Jonestown,
Guyana, also passed a resolution
tightening ministerial standards.
It requires that ministers meet
standards of fitness, “including
mental and physical capacities,
emotional stability and maturity,
and standards of morality.”
BOJ
cureall
perstn
rate th
, pec ted
Bfledic
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States,
who T
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Photo In M
Chapin lives! The veterinarians at
Varisco Veterinary Clinic surprised Tara
McDermott, a sophomore environmental
design major from College Station, when
they told her her dog was alive and kicking.
McDermott’s dog, named after the late
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The
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blood transfusions from their pets. Vs antenn;
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He’s doing well and slowly gaining#f:
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Re
Du Pont wins takeover
bid from Mobil, Seagr
M
for
pla
United Press International
NEW YORK — Chemical-giant
Du Pont claimed victory Wednes
day over Mobil Oil Corp. and li
quor-giant Seagram Co. in the
1 multi-billion-dollar takeover bat
tle for Conoco Inc., the ninth
largest U.S. oil company.
Du Pont said it attracted 47.3
million shares or 55 percent of
Conoco stock as of midnight Tues-
, day under its $7.4 billion cash and
stock offer to win effective control
I of the giant oil and coal concern.
Tuesday midnight was the
I deadline for Conoco stockholders
to withdraw under Du Font’s
offer. At 3:45 a.m. EDT Wednes
day, Du Pont began issuing
checks in the amount of $98 for
each Conoco share sent in re-
I questing cash payment.
Du Pont will issue cash for up to
45 percent of Conoco stock.
It will exchange 1.7 Du Pont
shares for each of the remaining
Conoco shares. That exchange
won’t take place until Du Pont
stockholders approve the swap at a
special meeting scheduled for
Aug. 17.
Du Pont Chairman Edward Jef
ferson said “We will move forward
as rapidly as possible to effect a
merger of the two companies.”
“We are delighted with this re
sult,” he said. “Conoco is a first-
rate company with a record of out
standing accomplishment. We
look forward with pleasure to the
association with members of this
fine organization. Morevover, we
see strong potential in the applica
tion of our research and engineer
ing capabilities to meet challenges
in the energy field.”
Meanwhile, Mobil said Wed
nesday it would tender to Seag
ram about 735,000 Conoco shares
it acquired in the open market
prior to the commencement of its
$8.8 billion offer.
Seagram attracted at least 18
percent of Conoco stock in its
drive to acquire 51 percent. Its
$92-a-share, or $4.1 billion, offer
is scheduled to expire at midnight
tonight.
Mobil’s tally of over a week ago
showed it had attracted only 2.3
percent of Conoco stock.
At the Du Pont Hotel next door
to Du Pont corporate headquar
ters in Wilmington, Del., Du
Pont officials involved in the costly
takeover battle gathered for a mid
night champagne party after the
withdrawal deadline passed.
“We were happy but pretty
tired,” one Du Pont official said.
Conoco directors and manage
ment had actively resisted a
takeover by either Seagram or
Mobil in favor a previously signed
merger agreement with Du Pont.
The initial bid for Conoco came
from Seagram, and Conoco execu
tives and directors were ready to
take virtually any measure neces
sary to avoid a Seagram takeover.
Du Font’s Jefferson, looking for a
guaranteed energy source for che
mical production, called Conoco
and asked if he could help in any
way. Two days later, Jefferson was
asked to come to the rescue.
Du Font’s acquisition of Conoco
will represent the largest corpo
rate takeover in Americanii
Despite another rodi
ding and hectic 11th hot
challenges from Mobil li
Du Pont was able to holdtlr
of the 57 percent of Coik»
it had previously attract
proceed on schedule Wtdr
in buying up those sham
In a rapid-fire series ofi 1
ments, the Justice
announced late Tuesday:
completed its antitrust m
the proposed Du Pod
merger and gave Du Pis
green light to acquire thef!
and coal concern. ‘
Despite a much higherk
bil suffered in its attempt!
Conoco because of uncrt
on the part of Conoco stocit
as to whether govemmeJ
trust officials would aim
tion’s second largest oilo®
to take over the ninth la#
Mobil’s antitrust clear#:
delayed last Friday for atk
days when the Justice ft
ment asked Mobil for moff
mation.
As a result, Mobil boo# 1
cash portion of its bid on H
to $115 from $105 inanatte
keep the bidding wargoid
could receive antitrust clef
On Tuesday, Du Pontd#
boosted their $95 cash bid 1
to help keep Conoco stocH?
from defecting at the lastt
to Mobil’s offer. Minute
Mobil responded by raising
to $120.
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FRIDAY
DON SANDERS
SATURDAY
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