Word: bernet
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...industry insiders said the aborted merger was a bad deal from the beginning. "It would never have worked," said Alan Edgar, an energy analyst for the securities firm of Schneider, Bernet & Hickman in Dallas. "Two ugly ducklings just won't make a swan." Concurred E.F. Hutton's William Craig: "It looked like a terrible deal for Occidental." He pointed out that Diamond Shamrock's principal oil holdings, which are in Indonesia, are being rapidly depleted...
...Pickens and his partners held in the company. That stands to earn the group an $89 million profit, and started speculation about Pickens' next target. "I think he is going to do the same thing again, and sooner rather than later," says Alan Edgar, an energy analyst for Schneider, Bernet & Hickman, a Dallas securities firm. Pickens himself remains tight-lipped: "We'll look at anything that makes sense," he says. "And that's the end of that conversation...
...porter, the normally reticent Wilson became a nonpareil auctioneer, dubbed the "fastest gavel in the West." Rising to chairman in 1958, he set about overseas expansion, establishing offices in Europe, Asia, Latin America and the U.S., notably in New York City with the acquisition of Parke Bernet. His taste, timing and towering presence (6 ft. 4 in.) helped him to engineer precedent-breaking sales, including the first auction (1965) to use a television satellite to connect London and New York showrooms...
Truman played the piano. Ford skied. Johnson rode horses. But Jimmy Carter, 59, had a more practical way of taking his mind off the pressures of the Oval Office: woodworking. Carter's down-home handicraft was on display last week at the highbrow address of Sotheby Parke Bernet in Manhattan. The occasion was an auction to raise funds for the Carter Presidential Library and the Carter Center of Emory University in Atlanta. The auction, which netted $320,000, featured two pairs of ladderback hickory chairs handcrafted by Carter last summer. Anonymous buyers purchased one pair...
...empire that includes 25 major shopping centers in the U.S., 800 A & W fast-food outlets, 100 movie theaters and a personal fortune estimated at $525 million. Now Taubman, who operates out of Troy, Mich., is going after one of the most prestigious properties of all: Sotheby Parke Bernet Group, the tradition-laden British art auction house. Said Taubman in announcing his offer of at least $100 million in London: "This is like coming over here and buying the throne...