Word: acquiree
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The decision upheld the so-called New England Compact, which allows mergers across state lines by banks in the region. With the court's verdict, Bank of Boston (1984 assets: $22.1 billion), New England's No. 1 lender, will now acquire Colonial Bancorp of Waterbury, Conn. (assets $1.5 billion), and...
General Motors Chairman Roger Smith was beaming with his lights on high last week as he celebrated the biggest and boldest acquisition in his company's history. Two years ago, Smith revealed that the world's largest automaker (1984 sales: $83.9 billion) was courting a mysterious "lulu" of a company...
Meanwhile, Chrysler announced that it might acquire Gulfstream Aerospace, an aircraft manufacturer, for some $640 million. Finally, Trans World Airlines continued to fend off a hostile bid from that hungry raider, Carl Icahn, who holds more than 26% of the outstanding TWA shares. The airline's executives might try a...
During his three-year stint at F.D.O., Khan had copied the plans of the centrifuge process and sent them back to Pakistan. He had revealed to his countrymen the names of more than 100 European, Canadian and U.S. firms that could provide the necessary equipment for a plant. Using a...
Such careful preparations eventually produced one of the largest mergers in corporate history. Allied, a conglomerate with stakes in the aerospace, automotive and chemical businesses, agreed to acquire Signal, an aerospace and engineering company. The deal is valued at between $4.5 billion and $5 billion. The new company, Allied Signal...