Nursing home operator Beverly Enterprises Inc. agreed...
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Nursing home operator Beverly Enterprises Inc. agreed to sell its pharmacy unit to Capstone Pharmacy Corp. for about $862.5 million in stock and assumed debt. . . . Publishing magnate Mortimer Zuckerman said he plans to take his real estate company Boston Properties Inc. public with a first-time stock sale that could raise as much as $848.13 million. . . . Stanley Works said it will reorganize its operations into eight groups that will focus on developing and expanding markets of its various tools and hardware products. . . . Morgan Grenfell was fined a record $3.2 million by British regulators over a scandal involving three of its European funds.
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