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...comedy," she says, "and I can say immodestly that I'm a very good comedienne. But I was always fighting that image too. I just never had the luck to play bitches. Those are the only parts that ever register really." Two bitches she almost played were Blanche du Bois in the Broadway version of A Streetcar Named Desire and Margo Channing in All About Eve. But movie contracts kept her from the first part and a skiing accident from the second, which went to Bette Davis. In A Talent for Murder, Colbert is playing for fun once again...
That tactic was used two months ago by Canada's Dome Petroleum to acquire a 52.9% interest in Hudson's Bay Oil and Gas, a Canadian firm controlled by Conoco. Stripped of its Canadian holdings, Conoco became a takeover target and wound up being acquired by Du Pont...
When last week's deadline for investors to sell stock approached, Du Pont had received 47.3 million shares, or 55%, of Conoco stock. Mobil had managed to acquire only 736,000 shares, while Seagram had almost 27 million shares. After its takeover bid had failed, Mobil sold its Conoco stock to Seagram. When Seagram finally converts all its Conoco holdings into Du Pont shares, it will own about 20% of the company and be the second largest shareholder next to the Du Pont family. The stock purchase took Seagram out of bidding for any other oil company...
...bidding war for oil companies. Those oil firms remain very attractive takeover candidates because of their rich natural-resources reserves. Moreover, more than half a dozen corporations have some $34 billion in bank credit lines that can be used for a proposed merger. The same day last week that Du Pont claimed victory, all ten of the most active stocks on the American Stock Exchange were oil and gas firms. Some of the possible acquisition targets for the major energy companies: Pennzoil, Mesa Petroleum, Superior Oil, Marathon Oil, Amerada Hess and Murphy Oil. Texaco, which was an early suitor...
...great unknown remaining after the fight for Conoco is the Justice Department's attitude toward a merger between two oil companies. Two weeks ago, Antitrust Chief William Baxter gave the green light to a Du Pont-Conoco deal. Yet, despite heavy pressure from Mobil, he did not express an opinion on a Mobil-Conoco merger. In fact, he appeared to be indicating that he might block it, when he said: "If they think we're generally soft on mergers, they're going to be in for a big surprise." If Mobil, Texaco or another member...