Word: acquiree
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Yet only a day after Revlon's cease-fire, three more multibillion-dollar takeover bids hit the market. The Limited, a retail chain, teamed up with Real Estate Developer Edward DeBartolo to make a $1.8 billion offer for Carter Hawley Hale Stores, which operates Neiman-Marcus and Bergdorf Goodman. American...
The Administration's reluctance to offer companies protection against takeovers may be tested in the new Democrat-controlled Congress. A number of suggestions for legislative reform are already beginning to percolate. Felix Rohatyn, a partner in the New York City investment-banking firm of Lazard Freres and a longtime critic...
Whether or not anything should be done to restrict takeovers, specific steps can be taken to slow down insider trading. One would be to cut back steeply on the time speculators have to maneuver before a takeover bid is publicly announced. Under current SEC rules, corporate raiders have ten days...
-- Victor Posner, 67, another well-known corporate raider who lives in Miami Beach. Between 1984 and 1985, Posner paid about $80 million to acquire control of New York City-based Fischbach, the largest electrical contractor in the U.S. Boesky had also bought 13.4% of the shares of that company. In...
In an immigrant society such as this one, the bilingualism one most frequently encounters is "folk bilingualism"--associated with the working classes, thus undesirable and undervalued. Members of recent immigrant groups are induced to abandon their traditional languages in order to become "good Americans", while upper middle class high school...