Word: bidness
(lookup in dictionary)
(lookup stats)
Dates: during 1980-1989
Sort By: most recent first
(reverse)
...size of Trump's bid drew gasps as well, since it was the most ever offered for an airline and was almost 50% higher than the price of AMR shares just before the bid. But the airline industry is in the grip of takeover fever. After fending off bids from Los Angeles oilman Marvin Davis, the management and employees of No. 2-ranked United in Chicago are attempting to take their company private for an estimated $6.7 billion. And last June an investor group led by Los Angeles financier Alfred Checchi paid $3.6 billion for No. 4-ranked Northwest Airlines...
...believe he had an interest in a buyout, only to sell out after the stock price rose. Among his targets have been Golden Nugget, Pillsbury and Federated Department Stores. But because he has made an outright offer this time, analysts tend to think this is no bluff. "If the bid weren't serious, it wouldn't be $120 a share," says Helane Becker of Shearson Lehman Hutton...
...frequent-flyer program and instituted the first supersaver fares. To cut labor costs, Crandall introduced a two-tier wage system under which younger hires were paid less than veteran workers. "Crandall won't give up easily," says an industry hand. "He sees American as his company. Trump's bid is a slap in his face...
...buyer from acquiring more than 25% of an airline without the explicit approval of the Commerce Secretary. When Senator Lloyd Bentsen learned of the attempt to buy American, the Texas Democrat prevailed on the Commerce committee to make the bill retroactive so that it would apply to the Trump bid. "The Congress must send a strong message that highly leveraged buyouts are not tolerable," said Kentucky Democrat Wendell Ford, who sponsored the bill along with Arizona Republican John McCain. "I don't want to wake up when all U.S. carriers have been leveraged and bought out," added Ford, "to decide...
...Wall Street the takeover speculators seem to think that the Trump- Crandall fight is too close to call. AMR closed at 103 3/4 on Friday, up 17 1/4 points for the week but 16 1/4 points below Trump's bid. Some speculators were not persuaded that Trump is serious about the bid. Despite his high profile, Trump as a businessman remains an enigma. Last week Playboy magazine disclosed that a clothed Trump may grace its cover early next year. Perhaps American Airlines is just another plaything for the man who has everything...