MEMO

D&K Wholesale Drug Inc., headquartered at St. Louis, has completed the acquisition of selected assets of the Drug Distributors Unit of Fleming Companies, Inc.,, a Malone & Hyde, Inc. subsidiary located in Memphis, Tenn.

J. Hord Armstrong II, D&K chairman and chief executive officer announced that D&K purchased all the pharmaceutical inventory of the Drug Distributors Unit and all the non-prescription inventory that was dedicated to the Super D Drug Store chain operated by M&H Drug, Inc.

D&K estimates incremental revenues from tahe transaction to be between $40 and $50 million annually. The purchase price was $10.8 million.

"This acquisition has enabled us to expand our relationship with Super D Drug STores and positioned us as their primary supplier of prescription pharmaceuticals and over-the-counter drugs," said Armstrong.

D&K is a full-service regional wholesale drug distributor supplying customers from facilities in Cairo, Ill. and Lexington, Ky.

Amoco Corp., headquartered in Chicago, has told its workers it will announce major job cuts next month as part of a corporate restructuring to commence July 1.

The oil company did not specify the number of layoffs in its announcement. The corporate staff would be slashed to about 400 positions from more than 6,000, but many of the eliminated positions will be transferred within Amoco and won't result in layoffs, a spokesman said.

The restructuring replaces three operating companies with 17 separate business groups. The 17 groups will answer to three vice presidents, formerly the chiefs of the three main groups.

The changes "are designed to improve profitability and achieve greater growth," Amoco Chairman H. Laurance Fuller said in a letter to employees.

About 63 percent of the nation's midsize manufacturers plan to add full-time employees this year to handle increasing orders for the products they make, according to the Grant Thornton Survey of American Manufacturers released last week.

Interviewers questioned 250 top executives at companies with annual sales from $10 million to $500 million. Among the findings:

-- 49 percent are increasing overtime.

-- 42 percent are hiring extra part-time workers.

-- 42 percent are using workers from temporary agencies for production jobs.

-- 30 percent are adding work shifts to their production schedules.

May Department Stores have announced plans for $5 billion in expansion over the next five years, the largest in the company's history.

The plan calls for $4 billion to open 110 department stores, 1,200 Payless ShoeSource stores and 1,000 Payless Kids stores, and to remodel about 100 existing department stores.

The expansion will add more than 20 million square feet of retail space to stores run by the St. Louis-based company, already one of the nation's largest retailers.

This year, May will open 15 new stores: five for Lord & Taylor, four for Filene's, two each for Foley's and Famous-Barr, and one each for Robinson-May and Hecht's. Major remodeling also is planned at 32 stores with expansions for 15 of them.

In addition, the company will open 240 Payless ShoeSource and 200 Payless Kids stores this year.

May is the country's biggest publicly traded department store company with record sales of $11 billion and record earnings of $2.65 per share last year.

In 1993, May opened 13 department stores, remodeled 25 of the existing stores and opened 216 Payless ShoeSource stores.

Liza Retz of Catron, Mo., was winner of a special contest sponsored by Dr. Robert L. Ward.

Retz received a check for a free prom night dinner.

The contest was open to patients of Dr. Ward who are juniors and seniors in high school.

Ward, a dentist, has offices at Cape Girardeau and Sikeston.