Word: acquiree
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Gulf Resources' unusual growth is the result of two mergers. First, Allen paid out $18.5 million in stock to acquire Lithium Corp. of America, a New York-based mineral and chemical concern. He next made a tender offer for shares in far bigger Bunker Hill Co., an $83.2 million...
Blind and deaf after a sudden illness at the age of 19 months, she later became, with the help of her childhood teacher and longtime companion Anne Sullivan, the first person with these handicaps to acquire normal living and language skills.
The first move came three weeks ago from Texas-based University Computing Co., which attempted to acquire Western Union with a tender offer for a controlling 10% of W.U. stock. The offer sent the stock from $35 a share to $44.88 and prompted other prospective buyers to step up their...
Chairman Harold S. Geneen describes his $2.8-billion International Telephone & Telegraph Corp. as a "unified-management, multiproduct company." On that principle, in 48 major acquisitions in the last nine years, ITT has acquired a hotel chain (Sheraton), a car-rental company (Avis), a book publisher (Bobbs-Merrill), a home-builder...
* Opportunity to acquire training and experience which would increase attractiveness to other employers