Word: bidder
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Dates: during 1980-1989
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Arco and Socal, including such non-oil giants as General Electric and Allied. (Another rumored bidder: the government of Kuwait.) The firms were shown the confidential data only after pledging not to make an unfriendly takeover bid for at least three years. According to some Pittsburgh insiders, Gulfs board could meet at any time to discuss possible bids. The asking price could be as high as $80 a share, or $13.2 billion. The firm considered most likely to make that offer was Arco, on whose behalf Chase Manhattan bank was assembling a $12 billion line of credit from as many...
...student who is told to ignore the connection between his education and his career, and who then jumps directly into the job market, is bound to be in an awkward position. He is more likely to sell his limited marketable skills to the first bidder rather than trying creatively to apply his training in innovative ways. No one has apparently tried to gauge the implications of this tread. OCS-OCL has expanded and enhanced its services in response to the growing impulse for immediate employment, but this alone is insufficient--it is a salve, not a cure. The College...
...ahead of the referendum's query. Cambridge should be allowed to compete for the sake of competition, to push private operators for their best package. The cable industry has been backsliding of late on franchise options, particularly in the area of public access. The presence of a municipally operated bidder will prevent this in Cambridge, ensuring its residents the full benefits possible from cable technology...
...Basilica, granted the appointment-for 24,000 gold pieces, roughly equal to the annual imperial revenues in Germany. It was worth it. Besides being a rich source of income, the Mainz post brought Albrecht a vote for the next Holy Roman Emperor, which could be sold to the highest bidder...
...week's end the Government announced that the high bidder was Dallas' Republic Bank (deposits: $11.9 billion). Republic assumed the bank's estimated 76,400 accounts and planned to reopen its doors this week; the FDIC will collect First National's bad loans. The passing of the institution into the hands of out-of-towners left some Midland residents gloomy. Said Mayor Thane Akins: "I feel like hanging a black wreath on my door." The merger was one of the largest commercial bank failures in U.S. history, based on the institution's deposits...