Word: barney
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...that are stricter than those used by the Justice Department. Many states may now try to block some deals, no matter what the Federal Government says. Still, any legislation and legal action to curb megadeals will take time. Until then, says Wallace Turner, a broker at Manhattan-based Smith Barney, "takeover plays are alive and well." And plenty of stockbrokers, investors, traders and dealmakers intend to get in on the action while it lasts...
...past few months. "The President gave an excellent speech," said New Jersey Senator Bill Bradley, "but no mere speech can dispel the doubts raised by the Iran-contra affair. Only time will tell whether the President has asserted control over the foreign policy of our nation." Massachusetts Democratic Congressman Barney Frank was even blunter. "The Tower commission," said Frank, "did not find Reagan a lousy orator; they found him a lousy President...
...BASH (ABC). Producer Danny Arnold (Barney Miller) may have set out to make a sitcom. But what he came up with was a moody tragicomedy on loneliness. Peter Boyle was outstanding as a grumpy cop in this undeservedly short-lived series...
...Smith Barney, another blue-chip investment firm, started its own brouhaha by suing Goodyear Tire and Rubber and Sir James Goldsmith. To stop a takeover bid by Goldsmith last month, Goodyear agreed to buy back the raider's 12.6 million shares of the company for $52.50 apiece, nearly a 22% premium over their market value of $43. Such buyouts at a premium not available to other shareholders are known as greenmail...
...suit, Smith Barney claims that Goodyear Chairman Robert Mercer and Goldsmith made misleading public statements before their agreement was announced, implying that they would not reach a greenmail settlement. Smith Barney, which had paid more than $47 each for nearly 1.3 million shares of Goodyear, expecting a price spurt during the takeover struggle, took a paper loss of $17 million when the value of the stock flattened overnight. In addition to Smith Barney's action, six other lawsuits have been filed by Goodyear shareholders. They want the same price for their shares that Goldsmith...