A. The answer is buried in a complicated merger-acquisition. Pabst was bought out by Heileman Brewing Co. and the old Pabst shareholders got the notes. Olympia Brewing Co. was merged with Heileman and Olympia shares were exchanged for new Pabst common. Last December when the three-way acquisition- merger was announced, your shares were trading for just under $21 and traded up to the price you got until the exchange was approved on Feb 24. Thereafter any Pabst quote (up to the $51 you mention) was for the shares given the old Olympia stockholders. Checked back later with Donald W.K. Chun, Babson's portfolio investment analyst, and he explained that CSX Corp., the Richmond, Va., railroad, real estate, barge and coal operator, offered "quality and good future income, particularly because CSX market value has been hurt by effect of the recession and depressed coal demand." A. The Boston Globe is an all-day newspaper. The first four editions include stock reports of the previous day's trading, the last two editions (one labeled on Page One as "Early Stocks"; the other "Late Stocks") include trading quotations for that day. The Early Stocks paper includes trading through 1 p.m. and the Late Stocks through 3 p.m. The circulation department people tell me only the first four editions with the previous day's market tables are distributed in your area. To place an order you may phone toll- free, 1/800/532-9524.



Full text: Boston Globe (pre-1997 Fulltext), Jun 28, 1983

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