Stocks involved in takeover situations were among yesterday's best performers.

But the real action was in takeover situations, real or rumored.

Missing was the explosion of new takeover situations that occurred a day earlier.

Owens-Illinois, involved in a takeover situation, added 3 1/2 at 59.

Holders of the preferred stock are particularly concerned about what Avon might do to either help or hurt them in a takeover situation.

Managers in a takeover situation are pressed to produce results, maximizing the short term, he said.

This is, of course, not the first time a labor union has immersed itself in a takeover situation when it appeared that jobs were at stake.

Because the identification of a stock on such a list has special meaning in takeover situations, many firms try to hide the fact.

That is because short selling has become a favored tool of many arbitragers who play takeover situations.

The letter was the first development in the takeover situation in more than a month.