Word: acquirees
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Dark-horse candidates don't come much darker than Stanislaw Tyminski, the runner-up in Poland's presidential election last week. One of the few things voters know about him for sure is that he doesn't live in Poland. He makes his home in suburban Toronto, where he owns...
In Japan a few voices in the press have pointed out that the crisis gave Tokyo the opportunity to come up with dramatic foreign policy initiatives. But despite the danger to oil supplies, critical for a country that imports virtually all its crude, the public considers the gulf too far...
Under those circumstances, debt can make firms less competitive. Since RJR Nabisco's leveraged buyout in late 1988, in which the corporation assumed some $25 billion in debt, the company has lost market share to rival Philip Morris because RJR's management is so absorbed with managing the huge LBO...
The deal came one week after directors of UAL, United's parent company, rejected the latest union bid to acquire the airline. The order indicated that United was eager to expand its routes and put the takeover fight behind it.
He should know. Last week Cornell announced plans to seek $1.25 billion in private donations by 1995 -- the largest fund-raising target in the history of American higher education. Cornell's drive is but the latest in a series of efforts to acquire huge sums for colleges and universities. Last...