Word: bidness
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Dates: during 1990-1990
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...automaker's stock at an estimated cost of $250 million. Kerkorian met with Chrysler chairman Lee Iacocca earlier this month and professed support for the company's management but refused to sign a "standstill" agreement to stop increasing his stake, a Chrysler spokesman disclosed. Girding for a possible takeover bid, Chrysler has strengthened its poison-pill defense plan, which will allow current stockholders to buy shares at below- market prices if any investor acquires a stake of 10% or more...
Last week, in a bid to raise capital, Equitable Life Assurance Society, the third largest U.S. insurer, announced it will convert to a stock-owned company. The $500 million in additional capital that chairman Richard Jenrette expects to raise through the stock sale will help offset large losses from risky ventures: junk bonds, real estate and high-interest guaranteed- investment contracts. It will also make it easier for the company to diversify...
...dismay of other retailers, outlet stores are hot, just in time for Christmas and the recession. -- AT&T seeks to buttress its computer division with a hostile bid...
...Brien said there also was no evidence to sustain Dershowitz's allegation that Mahoney's previous bid for a judgeship in 1982 was opposed by Mahoney's then boss, Suffolk County District Attorney Garrett Byrne, who is now deceased...
...charge that ethnic studies supporters represent a political constituency is certainly correct. But these groups are neither the first nor the last group with political concerns (concerns related to their group-knowledge needs) to bid for curriculum expansion at our universities...