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SCHULMAN 6
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TEQUILA SUNRISE pg
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A RSH CALLED WANDA "
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Page 6
The Battalion
Monday, January 17,1989
LADIES & LORDS
BRIDAL STYLE SHOW
Saturday, January 21st — 2:00 p.m.
Aggieland Ramada
BRIDAL FASHIONS FOR EVERYONE
IN THE BRIDAL PARTY.
INCLUDING THE GROOM
15% DISCOUNT FOR ANY MEMBER
OF THE BRIDAL PARTY WHO
PURCHASES DURING THE SHOW
•FLORAL CONSULTANTS
•PHOTOGRAPHERS
•RECEPTION SPECIALISTS
Call For Reservations. . .
Space Is Limited!
Refreshments will be served
707 TEXAS AVENUE
COLLEGE STATION
Clinic helps develop study skills
f an
By Mia B. Moody
Reporter
The Texas A&M Counseling and
Assessment Clinic offers a study
group to help undergraduates de
velop good skills in taking notes and
preparing for tests.
Judith Pitts, a doctoral student in
the educational psychology depart
ment, directs the program. Pitts,
who is also the coordinator of the
Educational Psychology 101 class,
said the study skills group is similar
to the course. She said every student
can benefit from the study skills
group.
“Test anxiety is where the group
spends the most time because it is
the area where students have the
most problems,” Pitts said. “Anxiety
is good, but too much can cause fail
ure. Students who say, Til never be
able to understand this material and
I’m going to fail this test,’ probably
will fail.”
Pitts teaches how anxiety can be
reduced through the use of relaxa
tion and techniques that reduce irra
tional thoughts. Students are taught
how to replace discouraging phrases
with positive ones.
Pitts also teaches note-taking and
non-procrastination methods. Stu
dents are given hints on how to listen
for changes in the pitch of the pro
fessor’s voice and other important
cues. To deal with the temptation of
procrastination, she gives students
pointers on how to keep up with all
of their classes so they don’t have to
cram the night before the exam.
The group also stresses self-moti
vation. Pitts said breaks and rewards
are important parts of self-motiva
tion. She shows students how to
make out schedules outlining the
amount of time they will study and
how breaks can be used effectively.
The Counseling and Assessment
Clinic is a non-profit organization. It
is a psychological service and train-
iner clinic operated bv the Depart
ment of Educational Psycholog).
The clinic offers three othersj
cial groups: a children’s p
solving group for children wl
problems at home and at school.1
substance abuse group for inditid)
als who are self-referred and coy
mitted to abstinence, and a violen
free adults group for self- and com]
referred male batterers in Bnn
College Station.
.ANP 1
FTfOl
The study skills group meets?
ery Wednesday from 6-7 p.m, Cost!
$5 per session. For more infonu
tion on any of the programs coni,
the Counseling and Assessniei
Clinic at 845-8021.
Wall
68 die on highways during holidays
[WHY DID
By Fiona Soltes
Staff' Writer
The Texas Department of Public
Safety recorded 68 deaths on Texas
highways during the holidays. Mike
Cox, spokesman for the DPS, said 66
deaths were estimated for the
Christmas and New Year’s periods
combined.
The National Safety Council des
ignated a 78-hour Christmas count
ing period, from 6 p.m. Friday, Dec.
23 to midnight Monday, Dec. 26,
and a 78-hour New Year’s period
from 6 p.m. Friday, Dec. 30 to mid
night Monday, Jan. 2. In Texas, 36
died during the Christmas period
and 32 during New Year’s.
sons hetween years.
“Last year, Christmas fell on a Fri
day,” Cox said. “That meant a 102-
hour counting period. In 1986, only
48 were killed, but the designated
periods were 54 hours long.”
Last year, 81 people were killed
on Texas highways during the two
counting periods. But Cox said the
department discourages compari-
, Cox said during the holidays, the
Texas DPS instates Operation Holi
day, which means all available units
are on patrol during the designated
periods, checking for
excessive
speeding, drunken driving anddri
ing without safety belts.
“This is a program that westaJ
around the 1940s,” Cox said. T:'
underlying purpose is to raise publ
awareness, letting everyone ItJ
the dangers of public travel duriif
the holidays. Of course, accident
can happen at any time, but they:
more likely during the holidaysd
to excessive drinking and ex
travel times.”
JACKIE
RESIGN?
Deal makes Coastal largest gas suppliei
HOUSTON (AP) — Coastal
Corp. announced Monday it is try
ing to buy Texas Eastern Corp. in a
$2.6 billion deal that would make
Coastal the nation’s largest natural
gas company.
The $42-per-share offer was
about 40 percent more than the
$30.25 Texas Eastern stock was
bringing when the market closed 1
Friday.
But with Coastal’s announcement
Monday, Texas Eastern stock soared
more than $13 to $43.87‘/2 in early
trading on the New York Stock Ex
change. At the same time, Coastal’s
stock was down 62'/a cents at $34.25
on the exchange.
Coastal is the third largest natural
gas company in the country while
Texas Eastern is among the top six.
A third Houston corporation, Enron
Corp., holds the top position, ana
lysts said.
“In my view, Coastal and Enron
are two prototypes of interstate
pipeline networks of the future,”
said Charles Strain, director of en
ergy research for Lovett Mitchell
Webb 8c Garrison in Houston.
‘Texas Eastern seemed the most log
ical. It was just a question of which
one was going to suck it up and do
damage to the balance sheet.”
Texas Eastern is attractive to both
companies because of its pipeline
system reaching the Northeast mar
ket.
Strain said even though the acqui
sition will put Coastal further in
debt, it is a good move in the long
run because stiff pipeline regula
tions are expected to weaken.
Coastal’s long-term debt, as of
Sept. 30, was $3.1 1 billion, while its
short-term debt was $369 million,
according to Coastal spokesman
R.W. Wells.
William D. Hyler, an analyst for
Oppenheimer & Co. Inc. in New
York, said he was surprised by the
timing of Coastal’s offer because of
its heavy debt.
“I believe they’ve always had an
interest in this company,” Hyler
said. “Apparently they thought that
if they waited someone else would
get it.
“In the long term, it looks good.
It’s a good strategic fit.”
Hyler said if the buyout was suc
cessful, he expected Coastal to sell
off Texas Eastern’s exploration and
production operations.
Monday’s jump in the price of
Texas Eastern stock, however,
prompted analysts to predict Coastal
would have to sweeten its deal to $45
or $48 per share.
Once the offer is received, the
Texas Eastern board of directors will
make a recommendation to share
holders within 10 days of the com
mencement of the offer, the com
pany said in a statement.
Coastal said it would initiate the
offer on Tuesday for all outstanding
shares of Texas Eastern’s common
stock.
U.S. District Judge Lynn Hughes
in Houston was considering a re
quest from Coastal for a temporary
restraining order to keep Texas
Eastern’s board of directors from
taking any action to prevent share
holders from accepting the offer.
Coastal said it decided to make the
, offer at a Sunday meeting of its
board of directors.
James R. Paul, president and chief
operating officer of Coastal, wrote
his counterpart at Texas Eastern,
Dennis R. Hendrix, requesting a
meeting with the Texas Eastern
board of directors to discuss a busi
ness combination.
“We are convinced that a combi
nation of Coastal and Texas Eastern
would be in the best interests of our
respective stockholders as well as
employees, customers and sup
pliers,” Paul wrote. “Operating flexi
bility and efficiencies brought about
by a combination of our companies
would significantly improve the abi-
litites of each company to provide
the best possible service to custom
ers.
“We also believe that out offer is a
fair one. It gives Texas Eastern's
stockholders an opportunity to re
ceive immediately a very attractive
cash price for all their shares.”
and production, and real estate,!
also refines and markets petroletj
products at wholesale.
u
Coastal is diversified energy com
pany with $8 billion in assets and op
erations in natural gas transmission
and storage, gas and oil exploration
and production, refining and mar
keting, coal, trucking and indepen
dent power production.
Coastal said its offer will be[
nanced primarily by bank borrol
ings ana subordinated notes. Ctf
bank N.A. has told the company!
letter it is confident it can provide!
to $2 billion in senior bank finandil
including $500 million Citibank J
provide under a firm commitment
or
Texas Eastern, with $5 billion in
assets, is involved in natural gas and
petroleum products, pipeline and
international oil and gas exploration
Drexel Burnham Lambert It
sent a letter to Coastal saying it
confident it can place up to $1,3b
lion in subordinated notes
Coastal.
Sound Warehouse,
Shamrock to merge
DALLAS '(AP) — Shamrock
Holdings Inc. and Sound Ware
house Inc., said they expect share
holders will approve a merger
agreement to acquire Sound Ware
house, one of the nation’s leading re
tailers of home entertainment
software, for approximately $132.5
million.
Under the agreement announced
Monday, Shamrock Entertainment
II. Inc., organized by Shamrock to
acquire Sound Warehouse, will
merge into Sound Warehouse and
all stockholders of Sound Ware
house will receive $25.65 in cash per
share of common stock.
The agreement also contemplates
that Sound Warehouse will pay a
cash dividend of up to 10 cents a
share to stockholders of record im
mediately before the merger. The
amount available for payment of the
dividend will be reduced by certain
specified costs incurred by Sound
Warehouse in performing certain of
its obligations under the agreement
Conditions of the transaction in
elude approval of Sound Ware
house’s stockholders at a meetingii
March or early April.
Major stockholders of the com
pany have granted Shamrock Entet
tainment their irrevocable proxiestl
vote their shares of common stod
regarding approval of the merge:
The shares subject to the irrevocable
proxies represent an aggregate
approximately 73 percent o/them
rently outstanding shares of Souk
1 Warehouse common stock.
Sound Warehouse, based in Da!
las, has 121 outlets in 13 states, A
additional 10 outlets are plannedfe
opening by Dec. 31. For the yet
ended May 31, Sound Warehous
had sales of $ 181 million and nei in
come of $4.2 million or 80 cent
share.
Shamrock Holdings, based
Burbank, Calif., is wholly ovvnedb
the Roy E. Disney family.
JANUARY 19-
FEBRUARY 18,
1989
RUDDER
EXHIBIT
HALL
THE FIRSTTEXAS TRIENNIAL
Opening lecture
Thursday, January 19
Memorial Student Center
Room 2D1 7:00 p.m
Reception to follow
Rudder Exhibit!
Docent tours available, 845-8
This exhibition was organized by the Contemporary w |
Museum. Houston, and is supported by a grantIron'lNl
Texas Commission on the Arts, the National Endowire , |
tor the Arts, and the Arts Council of Brazos Valley
Texas A&M University Art Exhibits