Word: pirelli
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Dates: during 2001-2001
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...ensuing when Van Reesema left the box, Ingram picked up the puck in the neutral zone and passed to sophomore center Lauren McAuliffe, who fired the puck up to Catlin. Catlin crossed the blue line on her own and took a long, hard shot that was partially blocked by Pirelli, but then trickled in behind the Niagara goalie...
...Bush clan's power, the phrase "looks fine in calendars" is not often said of its members. But LAUREN BUSH, 17, the President's niece, is the cover girl of next year's legendary Pirelli Calendar, a collection of top-shelf babe portraiture that the tiremaker sends to customers and celebrities. "She was selected as a tribute to America after the Sept. 11 attacks," said a Pirelli spokeswoman, because she "epitomizes America and all it stands for." Bush, who has modeled for Tommy Hilfiger, shares 2002 with actresses Mena Suvari (November) and Julia Stiles (December), among others. One catch: this...
...curtain was about to fall for Colaninno. Pirelli and Benetton put together a $6 billion package that allowed them to buy 23% of Olivetti, which in turn owns 55% of Telecom Italia. Since they already owned nearly 4% of Olivetti, their share rose to 27%, with which they can control the telecom giant. Tronchetti Provera, who is credited with turning around Pirelli, had been sitting on $3.2 billion in cash after selling two optical technology firms to Cisco and Corning. For months the guessing game in Milan was what will Pirelli buy? "Telecom has a strong market position...
...Pirelli pulled off the takeover by making an offer to Colaninno's allies in Bell, the small holding company that controlled Olivetti. While Colaninno urged his backers to stay the course, Pirelli's 80% premium was an offer they couldn't refuse. In one of the more controversial points of the takeover, however, the 80% premium was not offered to all Olivetti shareholders. By keeping their share of Olivetti under 30%, Pirelli and Benetton were not obliged to offer the buy-out to all investors. Minority shareholders are understandably furious, especially since Olivetti dropped 15.3% the first day after...
...interview with the International Herald Tribune, Tronchetti Provera acknowledged as much, but hinted that he would streamline "the cascading holding companies [that] are an inheritance from the past." His initial vision for the group certainly seems future-oriented. Shortly after the deal was announced, he laid out plans for Pirelli to sell its truck-tire...