OTHER NEWS - Jan. 5, 1996

Giant Group Adopts Takeover Defense: Beverly Hills-based Giant Group Ltd., which controls Rally’s Hamburgers Inc., said it adopted a “poison pill” and that the head of another fast-food chain is expanding his efforts to gain control of Giant. The poison pill, or shareholder rights plan, would be triggered if a potential buyer accumulated 15% or more of Giant Group’s common stock. It gives Giant Group shareholders the right to buy more shares at a deep discount to market value. Separately, Giant said it amended its lawsuit against William Foley II, chairman of CKE Restaurants Inc., and Fidelity National Financial Inc., who it charges with improperly trying to gain control of Giant and Rally’s. Foley and Fidelity National Financial officials weren’t available to comment.