Word: bidness
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Dates: during 1980-1989
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President Bok approved the tenure bid of a junior professor in the Sociology Department two weeks ago, but the scholar said yesterday that he is not sure whether he will accept the lifetime post...
...acquisition followed a long, hard battle and came in the wake of last year's attempt to take over another U.S. publisher, Harcourt Brace Jovanovich. William Jovanovich restructured the company to thwart Maxwell's anticipated $2 billion bid. "Jovanovich killed the company. He's a dumb Croat coal miner. Had I met him, I would have told him so," Maxwell snarls with characteristic restraint. Some American publishers insist that he overpaid by as much as $1 billion for Macmillan. Not so, says Maxwell. "Information is growing at 20% a year," he explains in patient, professorial tones. "Communications is where...
...reason to believe that the company's board of directors would support him. After all, he had treated the outside directors on RJR's board well, paying them lavish fees and providing access to the company's corporate jets. Moreover, his offer was the largest leveraged-buyout bid in history and would give RJR's stockholders a rich, immediate payout...
...committee of the company's directors responded to Johnson's proposal on Nov. 7 by opening the bidding for RJR to all comers, setting last Friday as the deadline. Two days before the auction closed, one potential bidder, the Manhattan investment firm Forstmann Little, scrapped its planned offer. Forstmann's departure left two contenders: the RJR management group, which had upped its offer to $21 billion ($92 a share), and the investment firm Kohlberg Kravis Roberts, with its bid of $20.6 billion ($90). RJR's board could take as long as several weeks to study all new offers, including revised...
...Smith's victims last year were Boston University, Boston College, Rice, Vermont, Maine and the University of Massachusetts. However, the cagers' impressive record (21-5, 12-2 Ivy League) and resume of victories over tough, non-league opponents still wasn't enough to garner an NCAA or NWIT tournament bid. (See accompanying story--Harvard Needs Respect...