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All the world's a stage for

SFX Entertainment


, which agreed to acquire

Apollo Leisure Group

, a U.K.-based entertainment service, for $254 million in stock and debt. As part of the transaction SFX will also acquire

Barry Claymen

, a promoter of concert and entertainment events including the fast-moving



SFX also said it will sell 7.5 million common shares to finance future acquisitions as well as for other corporate purposes, such as its pending acquisition of Toronto-based


, the insolvent company that brought you





Bear Stearns


Lehman Brothers


Morgan Stanley Dean Witter


SG Cowen

will underwrite the offering. The show must go on.

In other postclose news (earnings estimates from

First Call

; earnings reported on a diluted basis unless otherwise specified):

Earnings/revenue reports and previews



reported a second-quarter loss of 9 cents a share, compared with 6 cents a year ago. The company said the latest quarter figure included extraordinary items totaling $915,000. Allstar provided no per-share operating numbers. The lone-analyst estimate was 5 cents a share.



and its 84%-owned

Intimate Brands


said second-quarter profits will beat analyst estimates. Limited cited strong demand for its





Lane Bryant

brands and said it expects to report earnings of 26 cents a share, above the 20-analyst estimate of 19 cents. Intimate Brands said it expects to report on Aug. 11 second-quarter earnings of 34 cents a share, beating the 25-analyst estimate of 28 cents.

Mine Safety Appliances


said it will record a pretax gain in the third quarter that will ultimately boost its 1999 earnings by 14 cents a share.

Playboy Enterprises


reported a second-quarter loss of 13 cents a share, including extraordinary items. The company didn't provide a per-share operating figure. The one-analyst estimate called for an operating profit of 48 cents vs. the year-ago profit of 10 cents.

In other earnings news:

Offerings and stock actions

Applied Micro Circuits


announced a 2-for-1 stock split. The split will apply to shareholders of record Sept. 2, and will be payable in the form of a stock dividend Sept. 9.


C&D Semiconductor Services

filed an antitrust suit against

Silicon Valley Group


claiming $20 million in damages.

Last week, HMO


(HUM) - Get Free Report

announced a 46% drop in its second-quarter net income. Today, just before the close, its president and chief executive, Gregory Wolf, resigned. In the interim, Chairman David Jones will helm the company.


International Monetary Fund

approved a $460 million payment from its loan to Indonesia in a sign the government was meeting its reformist promises to the IMF.



rejected a Democratic proposal for $10.8 billion in emergency aid to farmers. Senators voted 54 to 44 against the Democratic plan, but left alive a $7 billion Republican plan that would give more than $6 billion to grain and soybean farmers.

TV Guide


said it will launch a weekly Spanish language insert to reach new readers. The company also said it will raise the cover price of its digest to $1.79 from $1.49, cut its rate base to 10.8 million and lower advertising rates to cut costs and increase profits.

Editorial assistant

Eric Gillin contributed to this story.