Word: purina
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...seeking to repel raiders can use an ESOP as a way to put a chunk of the company into relatively friendly hands. "Every corporate treasurer is looking at it," says Paul Mazzilli, a principal at the Morgan Stanley investment firm. In recent months, three major corporations -- J.C. Penney, Ralston Purina and Texaco -- spent a total of $1.75 billion on ESOPs to shore up their takeover defenses. Procter & Gamble announced plans in January to spend $1 billion to boost its ESOP from 14% of outstanding shares to 20%, partly to ward off raiders...
...higher-quality protein and less sugar than run-of-the-mill fare. Result: animals that smell good, have shiny coats and do not excitedly jump about. Even the pet-food giants, which control most of the $6 billion industry, have started toeing the health-food line. Last year Ralston Purina introduced O.N.E., or Optimum Nutrient Effectiveness, for snooty canines. And Quaker Oats has revamped its Cycle products for young, old and overweight dogs...
...sheer size of First Boston's bid persuaded RJR's board to give the group until Nov. 29 to make the offer more concrete. If successful, the high-rolling group would probably keep RJR's tobacco business and sell its food groups to such consumer-product companies as Ralston Purina and Procter & Gamble...
...beginning. Rolls-Royce has run an ad in Architectural Digest that lets readers smell the leathery Rolls interiors. Calls to the company increased fourfold the month after the ad appeared. Readers could also breathe deeply of DeKuyper's Original Peachtree Schnapps or scratch and catch a whiff of Ralston Purina's dog food Butcher's Blend. McCormick & Co. Inc. of Hunt Valley, Md., has put out its annual report on sales of its spices. The financial statements smelled of buttered cinnamon...
...call the doctor in the morning," says Veterinarian Larry Glickman of the University of Pennsylvania. Moreover, they require care, can bite and cause allergies. But what they bring can be hard to improve on. New Yorker Reuben Selnick, 61, a recovering alcoholic who adopted a cat named Oliver in Purina's pilot program, speaks for many. "I was at a very low ebb when I met Oliver," he says. "Now I have something to live...