Word: acquiree
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Nor is this all. Uncle Sam is selling off prime property in the heart of New York City and on the outskirts of Philadelphia, a piece near the Las Vegas Strip and a chunk of Waikiki Beach. It is unloading Air Force bases, military ammunition plants, and dozens of dams...
At the close of business on the previous Friday, Aug. 6, Gulf Oil Corp. had dropped a short-fused bomb on the stock market. Citing antitrust objections by the Federal Trade Commission, Gulf abruptly pulled out of an agreement to acquire Tulsa-based Cities Service Co., the 19th largest U.S...
At the end of the nerve-racking week, news flashed across Wall Street tickers that Occidental Petroleum of Los Angeles, the twelfth largest U.S. oil company, had bid to acquire Cities Service for an average price of $41.67 per share. Cities Service announced that it would consider the offer at...
A horse must still win races to acquire value. But the big payoff is now in the breeding barn. In the '50s a horse who won $1 million in purses was worth $1 million as a stallion. Today a million-dollar winner is worth $20 million at stud. One...
The gathering had long been ballyhooed as a triumph for Libya's radical Muammar Gaddafi, his chance to gain the international respect that he has always longed to acquire. Instead, the 19th annual four-day summit meeting of the Organization of African Unity, scheduled to begin last week in...