Word: bargained
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...last month when it arranged a complex $1.8 billion transaction that would break up the cosmetics firm but keep it out of the hands of Pantry Pride, a Florida retailer. Revlon suffered a setback last week when a court struck down its plan to sell two divisions for a bargain price of $525 million as part of the proposed deal. The ruling allowed Pantry Pride to continue its take-over effort...
Bieber drove a four-barreled bargain. At one point last week, the 6-ft. 5-in. union chief met with Lee Iacocca in the Chrysler chairman's office in a session complete with desk pounding, raised voices and colorful language. When Bieber finally presented the new three-year contract to his ten-member U.A.W. bargaining committee, the group gave him a round of applause and approved the deal unanimously. U.A.W. leaders predicted that the rank and file would ratify the deal early this week and return promptly to work...
...rebuffed that concept, but it acquiesced on another issue. The union agreed to a three-year contract instead of the two-year agreement it had proposed. The U.A.W. had aimed for the shorter term because its Ford and G.M. contracts will expire in 1987, and the union wanted to bargain with all three automakers at once, a strategy that tends to give labor a stronger hand...
Even if a breakthrough agreement on a vital foreign policy issue could be reached, the survey indicated considerable skepticism about whether it would work: 66% do not believe the Soviets can be trusted to keep their end of the bargain, and a surprising 28% think the U.S. is similarly unlikely to honor the fine print of a pact...
...Secretary Gorbachev remains an unknown quantity to the American public. Some 93% of the survey group admitted knowing little or nothing about the new Soviet leader; 47% of those who know at least something about Gorbachev suspect that he cannot be counted upon to honor his end of a bargain. Gorbachev's public relations efforts and his youth (by past Politburo standards) notwithstanding, a majority of Americans consider the new Soviet boss to be part of the old Kremlin leadership, no better or worse than his predecessors...