Word: bidness
(lookup in dictionary)
(lookup stats)
Dates: during 1980-1989
Sort By: most recent first
(reverse)
Ross Johnson had suspected he was heading for a fall. "They are not going to approve our bid," the RJR Nabisco president told TIME in an interview five days before his board of directors decided the giant company's fate. His foreboding was on target. On the night of Nov. 30, some 30 sleepless hours after the official bidding deadline had passed, the RJR directors named the winner in the biggest takeover wrangle in history. It was not the company's , president...
...Joseph P. Kennedy II (D-Mass.) sure has a hard time getting what he wants in the Democratic Party, and that is something for which Massachusetts citizens can be thankful. After crushing his Republican opponent Glenn Fiscus in the race to represent the Eighth District, Kennedy lost his bid for a seat on the House Appropriations Committee to Rep. Chester Atkins (D-Mass.), who will now replace retiring Rep. Edward Boland (D-Mass.) on the panel...
Political observers speculate that that same disease will soon lead Joe to leave the House to seek higher office. There are plenty of rumors regarding a Kennedy bid for governor in 1990 or senator in '92. If he tries to do either, Massachusetts loses. Kennedy has been a successful representative in the House because he has listened to the advice of his fellow representatives and his well-chosen staff. He has been able to focus on issues that interest him while ignoring others. As senator or governor he will not be able to hide as easily, and his weaknesses will...
...chief executive officer of RJR Nabisco, Ross Johnson, accompanies the main story. Senior correspondent Frederick Ungeheuer and his wife were about to sit down to Thanksgiving dinner with 20 friends in Roxbury, Conn., when he received word that Johnson, who has refused all public comment since launching his takeover bid in mid-October, was ready to talk. Ungeheuer left immediately for Jupiter, Fla., where Johnson was spending a holiday away from the fray, for a one-hour talk about the megadeal. Ungeheuer has met other big dealmakers in his 25 years of covering business for TIME, but he was struck...
...PRITZKER. The publicity-shy chairman of the Hyatt Corp., Pritzker, 66, with his brother Robert, 62, surprised both Kravis and Johnson by joining the First Boston investment firm in an informal last-minute bid for RJR Nabisco valued at as much as $27 billion. Allied with the Pritzkers is Philip Anschutz of Denver, a billionaire oil and mining magnate. They have since combined forces with an acknowledged master of the hostile game, HARRY GRAY, 69, the taciturn former chairman of United Technologies, who heads his own investment firm. The First Boston group is offering a highly complex package of cash...