International: Deals & Developments

$5,000,000 Help. Even before William Carl Grunow resigned from Grigsby-Grunow Co. (TIME, Feb. 2), it was known that this onetime spectacular radio concern and its onetime spectacular refrigerator affiliate, Majestic Household Utilities Corp., could make good use of new funds. The hasty withdrawal of Mr. Grunow, guessed some Chicagoans, paved the way for assistance from bankers who had never been fond of the second half of the Grigsby-Grunow team. Last week Grigsby-Grunow planned to absorb cash-poor Majestic Household Utilities, to sell a $5,000,000 bond issue. Majestic's...

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