THE VIRGINIAN-PILOT
Copyright (c) 1995, Landmark Communications, Inc.
DATE: Tuesday, December 19, 1995 TAG: 9512190349
SECTION: BUSINESS PAGE: D1 EDITION: FINAL
TYPE: Daily Digest
LENGTH: Short : 21 lines
James River Corp. of Richmond said it will sell its plastic packaging and inks businesses and focus on its paper-based packaging lines as part of the company's plan to reduce long-term debt by about $500 million. James River shares fell 6 1/8 to 25 1/4, the lowest point in four months. ``This shows how important it is for them to get their act together quickly,'' said J.P. Morgan & Co. analyst Mark Connelly. ``The longer they wait, the more competitive ground they lose.''(Bloomberg) by CNB