MCA Inc. has commenced an exchange offer...
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MCA Inc. has commenced an exchange offer for the 2.27 million shares of common stock of LJN Toys that it does not already own . . . A new regional airline, Westates Airline, began nonstop, thrice-daily service between LAX and Santa Rosa in the Napa-Sonoma Valley area . . . Walco National shareholders voted overwhelmingly to be acquired by Los Angeles investor Eli Jacobs in a leveraged buy-out valued at about $63.5 million.
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