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Walter Kidde To Sell U.S. Lines To WUI, Inc.
Walter Kidde & Company, Inc. and WUI, Inc. have announced that an agreement in principle has been reached for the sale of U.S. Lines, Inc. to WUI. Under the terms of the proposed sale, Kidde is to receive $70 million in cash and a $27-million subordinate note of U.
Dome Acquires Davie Shipbuilding At Total Cost Of $38.6 Million
Dome Petroleum Limited and Davie Shipbuilding Ltd. recently announced that Dome has acquired all the shares of Davie for a total consideration of $38.6 million, consisting largely of shares of Dome and the balance in cash. Davie net income after tax for 1980 was $7 million.