BUSINESS ABROAD: Farben's High-Flying Heirs

Three of the hottest stocks on West Germany's stock exchange last week, avidly sought by German and foreign investors alike, were close cousins known by the tongue-twisting names of Farbenfabriken Bayer, Badische Anilin & Soda-Fabrik (B.A.S.F.), and Farbwerke Hoechst. Each was selling not far from $200 a share, and Bayer briefly outdistanced (in total market value) even the shares of Daimler, long the most popular stock on West German markets.

The three companies are the chief heirs' of I. G. Farben, once the largest corporation in Nazi Germany, which was broken up by the...

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