Word: optionally
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...London and began his own correspondence with the State Department in the hope of winning his colleague a visa to the U.S. When Schang asked about visas, he said, the State Department "encouraged" him. Last week, Pianist Gilels told the embassy he was willing to come. Schang took an option on Carnegie Hall for three dates late in September...
...Elliott, who found him a group of 26 big investors, including Chicago Financier J. Patrick Lannan (see BUSINESS). The Elliott group agreed to buy $3,000,000 worth of new Crowell-Collier debentures, convertible to 600,000 common stock shares (at $5 a share). It also took an option to buy half the 400,000 shares (26% of outstanding stock) held by the late Joseph Knapp's Publication Corp. and voted by Crowell-Collier Chairman Clarence Stouch. The new group wanted to clip Stouch's power, make Smith...
Beginning of the End. Then, for another $150,000. Schlesinger offered to sell half interest in an option he claimed his mother held on another Louisiana oilfield. McCulloch was more cautious this time. He told Schlesinger that he wanted Mrs. Williams' financial adviser, Paul Preger, to confirm an agreement whereby Mrs. Williams would indemnify McCulloch if the deal fell through. Schlesinger. who was vacationing in Mexico, flew to Dallas, spoke to McCulloch's confidential aide, Joseph Hegener, on the phone, pretending he was Preger, confirmed the deal and sent a wire signed "Preger...
...vote. By 4,889,495 shares to 457,129, the Central's stockholders agreed to pay the bill for the proxy fight, and postponed any decision on cumulative voting by an equally wide margin. Every Central director was re-elected overwhelmingly, and the stockholders also approved a stock option plan for Central President Alfred E. Perlman, by which he can buy 32,000 shares at $19.88 per share, over a period of years, thus stand to net a capital-gain profit of $672,000 (at current prices...
...their numerous and powerful allies, to seek reinstatement with no other purpose than to keep us from achieving our goals." For President Alfred E. Perlman, who has turned in a handsome performance at getting the Central back in the profit column, Young asked the stockholders to okay an option deal that would pay Perlman well for his efforts. Under the plan, Perlman would get options to buy 32,000 shares of Central stock at the market price last Oct. 20 (19⅞), when the deal was made. With Central now selling at 40, Perlman's option deal is already...