Word: steels
(lookup in dictionary)
(lookup stats)
Dates: all
Sort By: most recent first
(reverse)
...Steel, meanwhile, has executed some brilliant takeover strategy maneuvers. It has already acquired the right to buy Marathon's share of the Yates Field for $2.8 billion if the company is bought by Mobil or any other corporation. U.S. Steel also obtained an option from Marathon to buy an additional 10 million shares of its stock, which would make it harder for Mobil to gain controlling interest in the company. Mobil, of course, could try to block both moves in court...
Mobil's fumbling maneuvers apparently have convinced Marathon shareholders that the oil giant will never be able to buy the company, even though it is now offering $1 a share more than U.S. Steel. As a result, more than enough investors are willing to sell their shares to the steel company for the $125 it offered to give it controlling interest. Said a Wall Street banker involved in the negotiations: "Unless Mobil can pull a rabbit out of the hat, it will lose...
Marathon's executives and their advisers were confident last week that they could defeat Mobil's latest threat. If the oil company starts buying U.S. Steel stock, the price of it is likely to shoot upward, which would make the deal less attractive. And under a federal law that requires prior notice for the purchase of large blocks of stock, Mobil has to wait at least 30 days before it can begin to acquire any more shares of U.S. Steel. But although Mobil's latest shot seems likely to fail, no one is underestimating the oil company...
...after a week or so, some of the deported bears inevitably show up in Churchill again, having trekked back at speeds up to 30 miles a day. Next year Churchill plans a different tactic: obstreperous bears will simply be locked up for a few weeks in sturdy concrete-and-steel cages inside an abandoned Quonset hut. During their brief captivity, they will need no care other than some watering. Finally, when Hudson Bay starts freezing and the bears begin to think passionately about chasing seals on the ice, they can be safely released. -By Frederic Golden. Reported by Ed Ogle/Churchill
...year will be chosen next week by racing writers. It is almost certain to be John Henry, a six-year-old bay who won eight of his ten races in 1981 and $1,798,030, to extend his record winnings to $3,022,810. John Henry is not a steel-driving man exactly; he is a gelding, a tragic condition referred to around the backstretch as the unkindest...