Gulf & Western Inc.’s third-quarter profit increased...
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Gulf & Western Inc.’s third-quarter profit increased 21% from last year to $123.8 million. Revenue totaled $1.3 billion, up 8%. The New York diversified company said the results reflect solid gains in both its publishing/information and consumer/commercial finance units. The firm’s board also adopted a shareholder rights plan providing for a dividend distribution of one common stock purchase right on each outstanding share of its common stock should a person or group acquire a 15% or greater stake in the firm.
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