Word: bidders
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...committee of the company's directors responded to Johnson's proposal on Nov. 7 by opening the bidding for RJR to all comers, setting last Friday as the deadline. Two days before the auction closed, one potential bidder, the Manhattan investment firm Forstmann Little, scrapped its planned offer. Forstmann's departure left two contenders: the RJR management group, which had upped its offer to $21 billion ($92 a share), and the investment firm Kohlberg Kravis Roberts, with its bid of $20.6 billion ($90). RJR's board could take as long as several weeks to study all new offers, including revised...
...foreclosed housing. HUD owns 47,000 properties seized for mortgage defaults. Traditionally, these repossessed buildings have been sold at auction to the highest bidder. The Government ought to start seriously complying with 1987 housing legislation that calls for underused property to be turned over to the homeless, by donating or selling buildings at low prices to housing advocacy groups...
...here to be commendable. During your administration, the proud Harvard tradition of ignoring student input on issues from tenure to academic interests to campus politics has been continued. Further, you should be proud that that Kennedy School of Government of yours tried to sell University positions to the highest bidder. If you can remember that money talks, Derek, you'll make a great cabinet official...
...fragmented competition among eight or ten networks (both broadcast and cable) of nearly equal size. More radical transformations may be in store. Tom Winner, executive vice president and media director for Campbell-Mithun-Esty advertising, predicts that the networks "will ultimately be program services selling product to the highest bidder" -- station groups, cable, home video or satellite companies...
...Afghan project was open to bidding and B.U. was granted rights and finances. "B.U. was the best equipped bidder," said O'Connell. "They had already engaged in journalism training...