WHITTAKER IN BID FOR BRUNSWICK
The Whittaker Corporation, a diversified manufacturing company, announced yesterday a $668 million tender offer for the Brunswick Corporation, a major producer of recreational products. Whittaker, which is based in Los Angeles, said that it would pay $320 million in cash for Brunswick stock and debentures in the first phase of its proposed acquisition. The manufacturer said that the second phase would involve an exchange of Whittaker stock for Brunswick. Whittaker valued the second phase at $348 million.