	gencorp gy takeover group cancels hearing the investor group seeking to uire gencorp inc said it agreed to cancel a court hearing after gencorp withdrew three proposals that if approved would have made it more costly and difficult to uire the akron ohio based company earlier today gencorp said it will not ask shareholders to approve an increase in the number of its outstanding shares the election of a staggered board of directors and the elimination of cumulative voting however the group said it will continue to try to block gencorp s poison pill provision the group a partnership of afg industries inc afg and wagner and brown was to go to court on march to block gencorp for having the three proposals voted on by shareholders at its annual meeting gencorp said it withdrew the proposals so that it could focus its attention on the takeover offer the takeover partnership said it has asked to meet with gencorp to negotiate a repeal of the company s poison pill plan reuter 
