Word: withdrew
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...Icahn by attracting a friendly merger offer from a Wall Street investment firm, Clayton & Dubilier. The firm, which plans to raise $748 million for the deal, offered $22 a share, vs. Icahn's hostile bid of $18. Icahn, who amassed most of his 9% Uniroyal stake in April, withdrew his offer, promising not to increase his holdings for six months. It is not the first time Icahn has been foiled. He made an unsuccessful pass at Phillips Petroleum two months ago, and in the past has been fended off in raids on such companies as Marshall Field, Dan River...
...fighting cast a shadow over Lebanon's few moments of joy last week. They came when Israel pulled back its troops from the port city of Tyre, which has been occupied since the first day of the Israeli invasion of Lebanon on June 6, 1982. As Israeli tanks withdrew, Shi'ite Amal militiamen drove in to a huge welcome from the residents of Tyre. The fighters began rounding up collaborators, although Daoud Daoud, an Amal leader, insisted that "now is a time for pity. Collaborators who do not have blood on their hands will be forgiven...
Meanwhile, potential political troubles were averted in Lebanon. Prime Minister Rashid Karami, who stepped down from his post two weeks ago to protest a battle between various Muslim groups for control of West Beirut, withdrew his resignation. The move should stabilize the government, but fierce factional fighting continued around the southern port city of Sidon...
...during World War II. Strasbourg, however, is not without its own petty imbroglios. Reagan was initially invited to lunch by French President Francois Mitterrand, but when the European Parliament's president, Pierre Pflimlin, a longtime opponent of Mitterrand's Socialists, issued Reagan an official counterinvitation, a miffed Mitterrand withdrew...
...believe that Judge [Pierre N.] Leval--who incidentally runs a first class courtroom--should ever have permitted [the Westmoreland] case to go trial. He as much as acknowledged that himself after Westmoreland withdrew his suit by saying, "Perhaps this is a verdict best left to history...