Word: offing
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Dates: during 1970-1970
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Next, the Yen? Japan's export success is giving the country some of the currency troubles that became all too familiar in Germany during the past two years. The October revaluation of the mark left the yen as the currency that bankers consider to be the world's...
The six-month struggle by Chicago's Northwest Industries to take over the B.F. Goodrich Co. has long since won wide recognition as a classic display of corporate attack and counterattack. The aftermath of Northwest's unsuccessful campaign, which ended last summer, is becoming a textbook case in...
After unsuccessful passes at Swift & Co. and Home Insurance, the ambitious Newman persuaded Heineman to assault Goodrich. The adventure turned out to be costly as well as unavailing. Since it reached a high of 61 last year, Northwest stock has fallen to 13, a drop of 79%. The plunge has...
Paper Losses. Northwest's current situation is more agonizing than tantalizing. The company still has its 16% interest in Goodrich, but all it has to show so far for that is a sizable paper loss. Legal fees and other campaign costs drained away another $3 million. A strike at...