OTHER NEWS - July 21, 1992
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Davis-based Calgene said it will merge Hodag Chemical Corp. of Illinois with its Calgene Chemical subsidiary. Hodag manufactures a line of vegetable oil-based ingredients . . . Colgate-Palmolive Co. said it agreed to sell the paper products business of its Mennen unit to a unit of James River Corp. for an undisclosed price . . . The Federal Reserve reports that the average yield for one-year T-bills, the most popular index for making changes in adjustable rate mortgages, fell to 3.53% last week, down from 3.64% the week before.
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