Word: repellent
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...share, or $3.58 billion, for Macy's stock that had been selling for about $50 a share. The Macy's executives were working last week with the Wall Street firm of Goldman Sachs to line up virtually all that money. The high buyout price, apparently designed to repel rival offers and avoid a bidding war for the company, drove up the value of other retailing issues as investors speculated that a wave of buyouts was about to break over the department-store industry...
Despite his kind nature, the teacher vowed that he would fight the foreigners who were invading his country after he saw American tanks in Iraq for the first time. To repel the American forces, he organized like-minded members of his mosque into a resistance cell...
...South Korean newspapers last week reported that 10,000 Chinese troops were digging in along the North Korean border, possibly to repel a wave of refugees expected to flee the North should there be political upheaval. In other reports from the South Korean and international press, North Korean generals were said to be defecting in droves; ubiquitous propaganda portraits of Kim were mysteriously disappearing from Pyongyang's public places; and fewer North Koreans traveling abroad were wearing lapel pins depicting Kim's visage. In an interview with Fuji Television, influential Japanese lawmaker Shinzo Abe underscored a general sense of foreboding...
...start of the 2004 campaign, it seemed that Bush the son would also use wedge issues to repel a Massachusetts rival. Earlier this year, just as John Kerry was celebrating primary victories, the top court in his home state affirmed a decision unpopular in most of the U.S. that legalized marriage for same-sex couples. The court ordered the state to begin issuing marriage licenses to gays by mid-May. Social conservatives despaired at the ruling, but Republicans savored the idea that, all summer, newspapers would run pictures of men kissing each other on Cape Cod. It would help frame...
...back," says Stephen Givens, a corporate lawyer in Tokyo. The change has been encouraged by corporate reforms that over the past several years have eroded Japan Inc.'s favorite protective mechanism: the extensive cross-ownership of shares among affiliated companies, a practice that makes it easier for insiders to repel outsiders and maintain control. There has been a corresponding rise in the prominence and power of independent investors who care more about returns than stability?and they are becoming increasingly vocal. UFJ, for example, is now 31% owned by foreigners. "Foreign shareholders are bombarding UFJ with calls asking, 'What...