Word: outbid
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Dates: during 1980-1989
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...trade books at Random House. Two years ago, when she worked in a top editing job at rival Simon & Schuster, Evans was so determined to keep author Mario Puzo in her literary camp that she offered him a $3 million advance for his next book, sight unseen. A competitor outbid her by $1 million, so she matched the offer. "When I have to have it, I have to have it," she explains. The Godfather author, who jumped to Random House when Evans moved there in late 1987, is expected to deliver his pricey manuscript in about six months...
...quickly appeared that Labor would be unable to outbid Likud. The morning after the election, Shamir announced his willingness to amend the Law of Return, which grants all Jewish immigrants immediate Israeli citizenship. For years the religious parties have sought to redefine "who is a Jew" by recognizing only those born to a Jewish mother or converted to Judaism by an Orthodox rabbi. The proposal to disregard all other conversions has particularly upset U.S. Jews, most of whom identify themselves with the Conservative and Reform branches of Judaism...
...emptive -- so attractive that Kraft management will be unable to turn it down. The tobacco and food giant is proposing to buy Kraft for $90 a share in cash, a 50% premium over the $60 price of Kraft stock before the offer. To get a friendly match and outbid other possible suitors, Philip Morris may have to raise its bid to more than $100, according to Wall Street analysts. Says Hamish Maxwell, the Philip Morris chairman: "We're prepared to negotiate this deal...
Ever since Laurence Tisch became chief executive of CBS in 1986, tight budgets have become a way of life at the network. So the news last week that CBS had outbid all rivals for the TV rights to the 1992 Winter Olympics in Albertville, France, came as a surprise. CBS will pay $243 million for its first Olympics since 1960. The bid seemed inordinately high to industry experts, in part because of the other networks' diffidence: NBC offered $175 million plus half of any advertising profits in excess of $325 million, while ABC, which paid $309 million for the Calgary...
Sheraton General Manager James Collins said that last November the hotel solicited bids from construction companies for a job remodeling its fifth and sixth floors. He said the lowest bidder was Felsway, Inc. of Medford, which outbid the Carpenter's Union...