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Mormon News: All the News about Mormons, Mormonism and the LDS Church
Posted 24 Feb 2001   For week ended April 2, 2000
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Business News

 Proposed Merger of Mormon Banks Dies
The proposed merger of Zions Bancorporation and First Security Corp. finally died on Friday when Zions shareholders rejected the proposed merger. Only one-third of the shareholders approved the deal, which had been approved by First Security shareholders earlier in the month.

 Huntsman Sells Packaging Company For Charity
LDS Billionaire Jon M. Huntsman has agreed to sell the Huntsman Packaging Corp. for $1.1 billion to an investment partnership run by Chase Manhattan Corp. and key executives of the business, including his son-in-law, Huntsman Packaging Corp. CEO Richard Durham. The deal is intended to raise money for Huntsman's philanthropic and charitable causes, including the ambitious Huntsman Cancer Institute at the University of Utah.

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