Word: antacids
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...through New Year's Day, the contestants kept raising the ante. American Home Products, the maker of Anacin headache tablets, reportedly offered $3.08 billion, as Sanofi did. But A.H.P. wanted all of Robins, while Sanofi was content with 58%. The last announced bid from Rorer, the manufacturer of Maalox antacid, was valued at $2.98 billion...
Richardson-Vicks, which sells such popular products as NyQuil cough syrup and Clearasil acne cream, agreed to sell out to Procter & Gamble for $1.24 billion and thus avoid a bid from Unilever. Revlon, which markets items ranging from Charlie perfume to Tums antacid tablets, eluded Pantry Pride by accepting a buy-out offer of about $1.7 billion from Forstmann Little. If the deals go through, Richardson-Vicks and Revlon will join General Foods (Jell-O, Maxwell House coffee) and Nabisco (Oreo cookies, Ritz crackers) on the list of consumer-goods titans being taken over this year...
None of the other matches in this showdown for the national title was as mercifully antacid. Almost every contest came down to the fifth game, many of those sudden-death tiebreakers. The Crimson had a point to prove: for the past three seasons, squash primacy had belonged to the heavily recruited and deep Tigers...
Roughly one-third of O'Hare's controllers suffer from peptic ulcers, and another third have gastric or emotional problems of one kind or another. While they work, the controllers gulp down antacid tablets from jars kept within easy reach. The Chicago branch of the Professional Air Traffic Controllers Organization has sued the FAA, claiming that the O'Hare unit is understaffed, backup equipment is lacking, and training programs are ineffective...
...charter service, Tom Peterson, is a kind of south Georgia bush pilot who has been flying Carter around for years. But his relaxed attitude and unorthodox procedures (he sometimes flies his twin-engine Cessna 310 without a copilot) have caused agents assigned to Carter to consume more antacid than usual. A recent Carter flight from Senator Herman Talmadge's Georgia plantation back to Plains was a case in point. Because Plains was socked in with bad weather, Pilot Peterson originally planned to set down at Albany, Ga., some 45 miles away. The Secret Service therefore dispatched a team...