Word: murdock
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Dates: during 1980-1989
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Last week the value of shares of Cannon Mills jumped from $29 to $35 after Pacific Holding Corp., headed by Los Angeles Investor David Murdock, proposed to buy Cannon's stock for $40 a share. On last week's weak Wednesday, the most actively traded New York Exchange stock was MGIC, the largest U.S. private insurer of residential mortgages. Though it sold for only $43 five weeks ago, MGIC stock was up to $49 last week because the Baldwin-United Corp., maker of Baldwin pianos, has offered to pay $52 a share as part of a takeover move...