Word: avise
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In 1971 it seemed simple. The Justice Department decided that a rash of acquisitions by ITT, the big conglomerate, did violence to the antitrust laws. Justice decreed that the firm could keep the Hartford Fire Insurance Co. and some smaller firms if it would divest itself of Avis, the nation...
Last week Avis' status was cloudier than ever. Originally the trouble began because ITT failed to move fast enough to sell its stock; by 1974 it still held about half of the total. At the request of the Justice Department, a court then named a trustee, a New York...
Public Sale. Then, two weeks ago, Smith filed a registration statement for the public sale of about 2 million Avis shares (25% of the total), which have a current market price of about $15 a share. He had already disclosed that he would use all of the 3.7 million shares...
Fuqua Industries, an Atlanta-based conglomerate, offered to pay no less than $15.50 each for all of the Avis shares held by Smith, and agreed to make an equal or even better offer for the remainder of the stock held by the public. The Justice Department eagerly let it be...
Cenerentola is less popular than Rossini's The Barber of Seville, probably because of its emphasis on bravura ensemble work over traditional solo arias. Further, the title role is written for an almost extinct species, the coloratura contralto. La Scala has such a rara avis in Lucia Valentini Terrani...