Word: bidness
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Dates: during 1980-1989
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Only two months after Northwest Airlines rebuffed his $2.6 billion bid, Davis has bounced back with an even grander scheme. Last week he offered to pay $5.4 billion, or $240 a share, for UAL, the parent company of United Airlines, the second largest U.S. carrier. UAL's board said it would consider the offer, and sent emissaries to meet with Davis' advisers. Meanwhile, UAL shares rocketed from 164 1/2 to 257 in just four days. Wall Streeters believe that the price could top $300 if other buyers bid...
...million by buying the Beverly Hills Hotel from the family of insider trader Ivan Boesky in 1986, then turning around and selling it to the Sultan of Brunei. Even Davis' "dry hole" takeover attempts often pay off. While Los Angeles investor Alfred Checchi won Northwest with a $4 billion bid, for example, Davis pocketed an estimated $30 million by selling his shares after the price...
...another bid for United emerges, stock speculators wonder, will Davis raise the ante or once again take his stock profits and move on (he is believed to hold a 3.5% stake in the company)? Back at Horace Mann High School in the Bronx, Davis' classmates said the pugnacious youth could -- and would -- argue any side of an issue. Even now he may be mulling his next daring move over a nice hot pastrami sandwich in Beverly Hills...
WARSAW--Polish Prime Minister Czeslaw Kiszczak said yesterday he is ready to resign and abandon his bid to form a new government so that the head of the smaller United Peasant Party, Roman Malinowski, can form a coalition government...
...productions in Paris, Brussels, Oslo, Copenhagen, Rome, Madrid, Tokyo, Tel Aviv, Sydney, Auckland, Rio de Janeiro, Mexico City, San Juan and New Delhi. This makes Hwang the first U.S. playwright to become an international phenomenon in a generation, since the heyday of Edward Albee. Dozens of film companies have bid for the rights. Says Hwang: "I guess the play is the thinking person's Fatal Attraction, a reflection of the fear between men and women and a kind of intellectual striptease. It's also about the West's fear of how its relationship with the East is changing. Sophisticated American...