Honolulu Star-Bulletin Local News
Business Briefs

Reported by Star-Bulletin staff & wire

Monday, December 9, 1996

Hawaiian coupon sale
to benefit United Way

Hawaiian Airlines says it will donate $25 from the sale of each of its Hele On Hawaiian Coupon Books to Aloha United Way.

The promotion features a book of 10 unrestricted interisland coupons plus a certificate redeemable for a West Coast round-trip ticket for $679, said spokesman Keoni Wagner. The coupons are valid on any interisland flight on any day in 1997. The certificate is redeemable for a round-trip coach ticket on flights from Honolulu to Los Angeles, San Francisco, Portland, Seattle or Las Vegas.

The coupon books are available through any travel agent or Hawaiian Airlines Ticket By Mail Service only from Dec. 9 through Dec. 20.

Merger to create huge
U.S. gold producer

ALBUQUERQUE, N.M. - Homestake Mining Co. said today it will acquire Santa Fe Pacific Gold Corp. for $2.3 billion, creating North America's No. 2 gold producer.

In agreeing to San Francisco-based Homestake's stock swap offer, valued at $17.42 a share, Santa Fe will give its shareholders a 13 percent premium over their closing price Friday.

Monsanto to spin off
chemical business

ST. LOUIS, Mo. - Monsanto Co., focusing on the fast-growing field of agricultural biotechnology, said today it will spin off its chemicals business to its stockholders and become a life sciences company. The company said it will take a charge of between $400 million and $600 million to split into two publicly held companies, which will result in the loss of between 1,500 and 2,500 jobs.

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