Word: acquirees
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Meanwhile, each side tried to divine the other's hand. Britain feared that Peking would make good on its unilateral threat. The Chinese in turn realized that in undermining the colony's confidence, they were in danger of radically devaluing the precious capitalist gem they expected to acquire...
Steinberg became attracted to Disney early this year because of its great cash potential and low stock price, and on March 12 he began buying Disney stock at $50 a share. In late April he notified the Federal Trade Commission and the Justice Department that he intended to acquire as...
These moves threatened to decrease Steinberg's share of Disney to less than 10%, and he appeared to be losing. But two weeks ago, Steinberg formed a holding company, MM Acquisition (named for Disney's own Mickey Mouse). For his partners Steinberg enlisted Kirk Kerkorian, 67, the majority...
During a series of weekend meetings in New York City, however, a green-mail deal was struck: Disney agreed to repurchase Steinberg's 4,198,333 shares for $70.83 a share, or $297.4 million, a profit of $32 million for Steinberg. In addition, Disney paid him $28 million for...
Mortimer Zuckerman, the real estate magnate whose Park Avenue offices in New York City overlook the site of a 1 million-sq.-ft. tower that he is building, joked on the telephone to friends last week that he can now afford lunch only at "some place with a takeout counter...