OTHER NEWS - Jan. 5, 1996

Masco’s Sale of Unit Falls Through: The Taylor, Mich.-based company said the deal to sell its home furnishing division to Morgan Stanley Group Inc. for $1.1 billion has been terminated. Masco Corp. said it had agreed with Morgan Stanley’s decision to call off the deal, which was announced in November. Morgan Stanley Capital, the private equity division of the global financial services firm Morgan Stanley Group Inc., had said at the time the deal was announced that it would pay more than $1 billion of the purchase price in cash for the division and would form a new company to operate it. Masco said it intends to proceed with its plans to find a purchaser of the division and said it still believes that it will obtain more than $1 billion for the group.