Word: acquirees
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Lewis Holding, chairman of First Citizens Bank in Raleigh, N.C., sums up the fighting mood now prevalent among local bankers by saying, "For a hundred years we've been trying to build our own capital base in the South. We're not going to let some Yankee money...
For us the solution is clear. We can protect our-selves best. When you look at an issue like sexual harassment--or other issues like salary, benefits, and basic dignity and democracy on the job--nothing makes more sense than the employees coming together and solving their problems. We have...
Hollis: Universities have a special duty in the area of affirmative action, and in addressing the problem of underrepresentation of people in various segments of society. We argue that they need certain kinds of skills, and the only place they can acquire those skills is in universities. Universities are gatekeepers...
Plenty of obstructions have been facing Texaco (1983 revenues: $41.1 billion), which is battling to acquire Getty Oil in what would be the biggest corporate takeover ever. Last week Texaco sweetened its bid from $125 a share to $128 a share. That boosted its offer to more than $10 billion...
Experts note that reserve-rich oil and gas producers like Phillips Petroleum (estimated 1983 revenues: $15.3 billion) and Sun Co. ($15.5 billion) are among the most attractive merger prospects. Reason: big oil firms can acquire energy reserves through mergers far more cheaply than they can find and develop them.