Word: bidders
(lookup in dictionary)
(lookup stats)
Dates: during 1960-1969
Sort By: most recent first
(reverse)
...year old and far from over), tender offers generally click or flop within a fortnight. One reason: stockbrokers find them particularly profitable since under New York Stock Exchange rules they get a double commission, once on the sale by the investor and again on the purchase by the bidder...
...fact that enhances their popularity. But the SEC feels that "the unwary public" needs protection, notably more information to help stockholders evaluate confusing claims of rival tender offers. Accordingly, the commission is backing a bill by New Jersey's Democratic Senator Harrison Williams that would require a tender bidder to disclose his name, financing arrangements, and any plans he has for the firm. Though most brokerage firms and investment bankers favor regulation, many disagree with one part of the bill, which would force tender makers to divulge their plans to the SEC five days in advance of the actual...
...that set records around the clock, and with each record came a mystery. Rumored seller of the Picasso: a member of the Greek Embiricos ship-owning clan. Top bidder: a Manhattan dealer named David Mann, who dashed off with his prize without even waiting to have it wrapped. New owners: still unknown at week's end. All Mann, who was pledged to secrecy, would say was that "they are a young American couple, relatively new to the art-collecting scene. I think the wife had known this painting for a long time. It was a dream of hers...
Among other new highs at Sotheby's: a Cézanne watercolor still life of a milk jug and apples, which brought $406,000-the highest price ever paid for any watercolor at auction. Since the bidder was a Los Angeles dealer, people speculated that he had acted for Collector Norton Simon, who remained mum. A Degas bronze horse pranced off for a record price of $51,800. A Chagall picture (circa 1917) brought $84,000, a new record for him. All in all, Sotheby's knocked down for $2,962,960, 87 works of art, a record...
...Time to Contemplate. Scholars tend to consider their research a product to be sold to the highest bidder-although trying out the same project on different grant givers must be done with some care. "If a foundation thinks that you've got a 10% chance of getting the funds from someone else, they're not going to give you the money," explains one Harvard Ph.D. candidate. For some professors, the pursuit of project money is almost a full-time career in itself. "There is a kind of hustle here, like in the business world," contends John Hodges...