Word: bidding
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...control--at Hershey. So when the Hershey Trust put the company up for sale last year, Nestle saw a ripe opportunity. Brabeck made an agreement with Britain's Cadbury Schweppes under which it would return Kit Kat and another brand, Rolo, to Nestle if Cadbury made the winning bid for Hershey. In the end, the Hershey Trust dropped its sale plans, but Nestle has not given up hope. Brabeck says he's "willing to go a long way" to get the brands back "because they belong to our family...
...team score of 218 put the Crimson in ninth, fourth among Ivy squads in the race. Providence broke a two-year winning streak by Boston College, taking first with just 73 points and three of the top six finishers, including winner Danette Doetzel. Stony Brook took the other team bid to nationals with 118 points despite not having a single runner in the top 10.For Harvard, the race marks the end of the season, but excitement is high for future years, especially on the women’s side, where four of the top five finishers...
...lead back down to one. But that was the closest they would get, as a goalless second half allowed Harvard to secure the much-needed win. Even with the league championship out of its reach, the Crimson needed the victory to keep its hopes alive for an at-large bid to the NCAA Tournament. “We were a little bit scrappy today,” head coach John Kerr said. “Overall, the important thing was to get three points at this stage of the season.” Hoff started the scoring early...
...more specific, buying it. In September another dizzying array of multibillion-dollar deals became public, notably Dubai's bid to acquire a 20% stake in NASDAQ, the high-volume New York City-based stock exchange known for its listing of star tech firms including Apple, Cisco Systems, Dell, Microsoft and Yahoo! Dubai's move demonstrates the fulsome financial power of a region possessing tidal liquidity--as much as $2trillion, by some estimates--built up by two years of oil prices topping $60 per bbl. "Nothing can stop them," says Hassan Heikal, CEO of EFG-Hermes, the region's leading...
...gulf royalty. But these are not their fathers' investments. Gulf money 20 years ago was being sunk into safe-bet, low-yield U.S. Treasury bonds--or the arms bazaar. Some recent deals--Dubai's brief holdings in DaimlerChrysler and Madame Tussauds, for example--have been opportunistic. But Dubai's bid for NASDAQ is part of a vision for positioning the city-state as a world-class business center. "Dubai has managed in the last 30 years to become the commercial hub of the region," says Soud Balawi, head of Dubai Investment Group. "We want Dubai to become the financial...