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Article: Clabir Still Affects ARC Evaluation; Uncertain Future Cited by Analyst
- Article from:
- The Washington Post
- Article date:
- August 10, 1987
- Author:
CopyrightThis material is published under license from the Washington Post. All inquiries regarding rights should be directed to the Washington Post. (Hide copyright information)
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Officials at Atlantic Research Corp., the Alexandria rocket
builder, are trying to look beyond the problems caused this spring
when Henry D. Clarke's company, Clabir Corp., became the largest
shareholder in ARC and Clarke disclosed his intention to buy the
defense firm.
To fend off Clarke's takeover efforts, ARC bought ORI Group
Inc., a professional services company, in a stock deal that diluted
Clarke's ARC holdings. The company cut its corporate staff by about
125 people. But the future of ARC remains uncertain because Clabir
still holds 12.8 percent of its stock.
"Clabir is still the big unknown in any equation to evaluate ARC
stock," said Eliot H. Benson, vice president and research ...