Foreign Firm Buys Control of First Boston:...

Foreign Firm Buys Control of First Boston: CS First Boston Inc. said it plans to sell an additional $300 million of its stock to CS Holding, which already controls the giant Swiss bank Credit Suisse. The sale will raise CS Holdings’ stake in CS First Boston to about 60% from a current 44.5%, it said. This is believed to be the first time that a foreign firm has taken majority ownership of a major U.S. investment bank, it said.