The announcement was accompanied by a new Campeau effort aimed directly at Federated's shareholders.

At its annual shareholders meeting last month, Mexicana announced 1988 profits of more than $136 million and declared a 2-for-1 stock split.

At his annual shareholders meeting Friday, Sir Jeffrey declared, "The time for negotiating is past."

Forthnet's valuation currently stands at €260,000,000 and its shareholders are:

Yesterday's decision to put the company up for sale averted a showdown that was expected at Kemper's annual shareholders meeting on Wednesday.

That pressure was palpable at Zenith's annual shareholders meeting yesterday.

"At our first shareholders meeting we decided not to take any dividends, and to reinvest profits," she said.

More details were expected to emerge at Sibneft's planned shareholders meeting on Dec. 31.

Amerada Hess announced the sales at its annual shareholders meeting yesterday.

But top executives of Media General swiftly rejected the offer at the company's annual shareholders meeting here.