The congregation would use the proceeds from the residential development, in which it would share, to expand the $8 million restoration it has already undertaken, designed by Stephen Tilly Architect of Dobbs Ferry, N.Y.
Mr. Rosenzweig said that Kodak might find it difficult to expect market share to expand further and that it could see it begin to erode.
AXA, Europe's second-biggest insurer, agreed yesterday to buy Mony Group Inc. for about $1.5 billion in cash, or $31 a share, to expand in the United States.
Micron, a maker of computer memory chips, agreed on March 8 to buy Lexar for $8.43 a share to expand into memory cards used in consumer electronics.
The Broadcom Corporation, a maker of microchips for consumer electronics and computer networks, has agreed to buy Zeevo for $32 million in cash and shares to expand its wireless headset business.
The Minnesota Mining and Manufacturing Company agreed to buy MicroTouch Systems Inc. for about $160 million in cash, or $21 a share, to expand its line of touch screens used in automated teller machines and kiosks.
Europe's No. 1 distributor of chemicals, Royal Vopak of the Netherlands, said it would buy the No. 4 distributor, Ellis & Everard P.L.C., for $310 million $444 millionor), or $3.100 a share, to expand in Britain and Ireland.
They also point out that increasing banking penetration and debt in developing countries as legal and financial systems mature will allow people to borrow against the value of their homes or land, and companies to sell bonds and shares to expand.One of the optimists is Jamie Dimon, chairman and chief executive of JPMorgan Chase, America's biggest bank.
If Microsoft wants to sell 10 million new shares to expand, it has to file papers with the Securities & Exchange Commission and wait around for a while.
Dow had offered to buy Rohm in July for $18.8 billion, or $78.00 per share, to expand its relatively high-margin specialty-chemicals business and stretch its global footprint.
