History17/dp/mark2nd
15 YEARS AGO THIS WEEK: In its first major corporate acquisition, Walt Disney Productions agreed to buy Arvida Corp., a Florida resort and residential land development company, for about $200 million worth of common stock A survey indicated that California led the nation with 208 of its public companies being acquired during 1983.
THE NEWSMAKER: Alan Stein, president of AJay Sales Inc., a small importer in Santa Fe Springs, complained that his baseball-cap business was hurting tremendously because McDonald’s was buying up millions of available caps from Taiwan as part of an Olympic Games promotion.
THE NUMBERS
MAY 17, 1984
Dow Jones Industrial Average 1125.31
London gold $309/oz.
Thrifty leisure lounger $6.99
Cadillac Coupe de Ville $16,995
