Reported by Star-Bulletin staff & wire
Wednesday, October 9, 1996
Reported by Star-Bulletin staff & wire
Wednesday, October 9, 1996
The company, owned by Chicago-based American Classic Voyages Inc., said it has been exploring the possibility of buying the 960-passenger Regent Rainbow, owned by a Japanese lender that repossessed it.
The Constitution went to Portland, Ore., in mid-1995 for refurbishing but the company decided to take it out of service for good when it found the structural repairs needed were too extensive.
Nancy Loewenherz, a spokeswoman for American Classic Voyages, said today there are a number of issues to be resolved. One is a bill awaiting President Clinton's signature that would allow the Regent Rainbow to be registered as an American ship. There are also financial questions but the company is definitely interested, she said.
The parent of American Airlines raised the IPO share price for its reservations system to $25 to $27 each, according to an amended Securities and Exchange Commission filing.
The company had expected to sell shares, starting this week, for $20 to $23 each to raise about $464.6 million. Kathleen Smith, analyst at Renaissance Capital, said Sabre is still attractive at the higher price.
"Until recently, I wasn't sure they worked," said Jess Kraus, an epidemiologist at the University of California, Los Angeles.
His study of 36,000 Home Depot workers, in November's International Journal of Occupational and Environmental Health, "found compelling evidence that back supports can play an important role in helping to reduce back injuries among workers who do a lot of lifting," he said.