Word: agreement
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Dates: during 1980-1989
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...nickname, a reminder of the treaty that ended World War I, seemed especially apt last week as Angolan President Eduardo dos Santos and rebel leader Jonas Savimbi, the main antagonists in a 14-year-old civil war, met there for a handshake that might lead to a formal peace agreement...
...latest agreement replaced a March merger proposal that called for Time to acquire Warner in a swap of 0.465 shares of Time stock for each Warner share. But some on Wall Street had complained that the deal gave Time shareholders no immediate financial reward. "The marketplace has told us we can do better," said Time's Nicholas, 49. "We're still acquiring Warner, but now we're using cash." Nicholas acknowledged that the combined company's earnings would suffer in the short run, but he argued that the company's value will be evident to anyone who examines its assets...
Paramount attacked the revised Time-Warner merger agreement as "a defensive device, pure and simple. From the standpoint of Time shareholders," the company said, "we don't see how it begins to compare with our offer of $175 a share in cash for all shares." Declared Paramount's principal investment banker, Robert Greenhill of Morgan Stanley: "We consider this a very weak response." Paramount repeated an earlier offer to negotiate a higher price, and declared, "We will continue our efforts to acquire Time Inc. with firm determination...
...company rejects Paramount's hostile takeover bid and refashions its agreement to acquire Warner in a deal that could ultimately cost $14 billion and create a heavy load of debt...
...position for this week's resumption in Geneva of the Strategic Arms Reduction Talks with the Soviet Union. On one critical issue, the President ruled out any compromise. The U.S. is prepared to abide by the 1972 Antiballistic Missile Treaty for seven to ten years after a START agreement is ratified. The Soviets insist that even after that period, the U.S. should continue to refrain from deployment of SDI. Bush decided not to relax U.S. insistence on the ultimate right to install the system. He acted in part to avoid irritating his conservative supporters. But the Soviets say they will...