Word: aztec
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Dates: during 1970-1979
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Though Beteta was careful to avoid saying so, the move amounts to a massive devaluation. By week's end the exchange rate sank below 20 pesos to the dollar. That might lure many more American tourists to sample the delights of Acapulco or poke around the Aztec ruins near Mexico City, since their dollars will buy more in Mexico. But it will also hurt the many other Americans who have poured investment money into Mexico, seeking interest rates of 12% or more...
...difficult to recognize the tiny (26-ft.-deep) stage of Boston's old Orpheum Theater. The apron had been built out 8 ft. The lower boxes had been converted into overflow basins for extra members of the orchestra, mostly percussion. Through the upper boxes paraded soldiers and Aztec natives on their way to destiny. Behind scrims and translucent screens soldiers fought silhouetted battles that suggested endless depth...
Montezuma is about as grand as opera can get. The story is that of Cortez's conquest of Mexico and subjugation of Montezuma, the enlightened ruler of the Aztecs. In its clash of cultures and religions, and in its juxtaposition of war and idyllic love scenes, Montezuma is a powerful statement about the human condition that calls for astute judgment and courageous imagination. This Caldwell has provided, with astonishingly flexible sets (by Helen Pond and Herbert Senn) and bold lighting effects (by Gilbert Hemsley) that the Aztec sun gods might have admired. On the musical side, Boston...
Flocking Suitors. In Wall Street jargon, Aztec had become a highly desirable "special situation," offering solid reasons for expecting big increases in profits. Total deregulation of gas prices could mean for Aztec a price of about $1.50 per 1,000 cu. ft. of gas-almost four times its current average. Nearer term, Aztec is suing Southern Union to force it to pay the fair value price for the portion of its gas not subject to federal regulation. A compromise has been proposed that could mean a substantial immediate cash inflow to Aztec...
With so much going for it, Aztec became a ripe candidate for takeover by other companies. The first attempt came on Jan. 2: Mesa Petroleum offered Aztec shareholders $22 a share. Aztec executives resisted, saying that the offer was too low. Aztec solicited other suitors, among them Southland Royalty Co. and Houston Natural Gas, which between them shoved the bidding to $32. Then Houston dropped out, leaving Aztec to Southland, a Fort Worth oil and gas distributor with annual revenues of $65 million. At week's end at least 90% of Aztec's shares had been tendered...