Friday: Barnett Merger Talks Derailed

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Publish date:

Compiled by John J. Edwards III
Staff Reporter

The Memorial Day weekend is upon us. Enjoy it, and enjoy these post-close tidbits:

Barnett Banks

(BBI) - Get Report

and privately held

Republic Banking

terminated their merger talks without reaching an agreement. The companies said they reached a tentative deal last week but could not agree on certain details.

Foster Wheeler

(FWC)

received a contract from the

Defense Department

worth up to $1.2 billion. Under the contract, Foster Wheeler will manage the environmental restoration of the

Army's

Rocky Mountain Arsenal in Commerce City, Colo.

PanEnergy

(PEL)

said it signed a letter of intent to develop a 250-megawatt power plant in New Smyrna Beach, Fla.

International Nursing

(NURS)

restated its third-quarter and full-year 1996 results, citing an accounting change required by the

Securities and Exchange Commission

. The third-quarter results were restated to a loss of 42 cents per share from a 2-cent loss. The full-year figure was restated to a 57-cent loss from a 19-cent loss.

First Data

(FDC) - Get Report

authorized a buyback of up to 20.4 million shares.