Word: acquiree
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Du Pont won its hotly contested prize through skill and guile. After making the initial takeover bid on Conoco, Du Pont stood by quietly as Mobil and Seagram aggressively justified their positions in newspaper ads and Conoco filed harassing lawsuits against both. At the same time, Du Pont was executing...
When last week's deadline for investors to sell stock approached, Du Pont had received 47.3 million shares, or 55%, of Conoco stock. Mobil had managed to acquire only 736,000 shares, while Seagram had almost 27 million shares. After its takeover bid had failed, Mobil sold its Conoco...
As a result, many companies find it cheaper to buy factories rather than build them or to acquire mines rather than dig their own. Firms with scarce natural resources are the most tempting takeover targets because the price of their assets in the ground has increased particularly fast. For example...
Casey last week refused to discuss his problems over past business practices. The lawsuit involved an agribusiness firm named Multiponics, which was set up in 1968 to acquire land owned by the company's founders and to operate it jointly in farming and related ventures. Casey was a director...
Grimm & Co.: "Companies don't want to take the risk of establishing new ventures. They want to acquire those with an already profitable track record."