Gulf Applied Technologies Inc said it 
sold its subsidiaries engaged in pipeline and terminal 
operations for 12.2 mln dlrs. 
    The company said the sale is subject to certain post 
closing adjustments, which it did not explain. 
 Reuter

A group of affiliated Miami-based 
investment firms led by Fundamental Management Corp said it 
raised its stake in Robeson Industries Corp to 238,000 shares, 
or 14.6 pct of the total, from 205,000 or 12.8 pct. 
    In a filing with the Securities and Exchange Commission, 
the group said it bought 32,800 Robeson common shares between 
Jan 26 and Feb 9 for 175,691 dlrs. 
    The group said it may buy more shares and plans to study 
Robeson's operations. Afterwards it may recommend that 
management make changes in its operations. Fundamental 
Management Chairman Carl Singer was recently elected to the 
Robeson board. 
 Reuter

A senior official of Drexel Burnham 
Lambert Inc and his father told the Securities and Exchange 
Commission they have acquired 258,591 shares of Epsilon Data 
Management Inc, or 9.4 pct of the total outstanding. 
    Kenneth Thomas, senior vice president-investments at 
Drexel's Los Angeles office, and his father, retired university 
professor C.A. Thomas, said they bought the stake for 2.1 mln 
dlrs primarily for investment purposes. 
    They said they may buy more stock or sell some or all of 
their stake, depending on market conditions, but have no plans 
to seek control of the company. 
 Reuter

Nova, the Canadian company that 
owns 56 pct of Husky Oil Ltd, said it received government 
approval for a transaction under which <Union Faith Canada 
Holding Ltd> would buy a 43 pct stake in Husky. 
    Nova said the Minister of Regional and Industrial 
Expansion, Michel Cote, ruled that Union Faith's purchase of 
the Husky stake would not result in Husky ceding control to a 
non-Canadian company. It said this ruling was a key condition 
in completing the deal. 
    Union Faith is equally owned by <Hutchison Whampoa Ltd> and 
<Hong Kong Electric Holdings Ltd>. 
    Under the agreement with Union Faith, Husky will become a 
private company with Union Faith and Nova each holding 43 pct 
of its stock. 
    Nine pct of Husky would be owned by relatives of Li 
Ka-Shing, chairman of Hutchison, and five pct by the Canadian 
Imperial Bank of Commerice. 
 Reuter