Word: bidness
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Dates: during 1980-1989
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...Townsend had the money, the familial support and the name recognition in her bid for Congress against a first-term incumbent. But she lost to Bentley, garnering only 41 percent of the vote, despite efforts to exploit her name...
Political observers point to another sign thatthe shining Kennedy mantle may be dimming withtime--the failed bid of Ted Kennedy for Presidentin 1980. Early polls showed Kennedy far ahead ofPresident Jimmy Carter, but that edge dissipatedover the campaign...
Never before had anyone tried to invade Scotland from Down Under. But when Australia-based Elders IXL, makers of Foster's Lager, launched a hostile $2.7 billion takeover bid for Scottish & Newcastle Breweries in October, the Edinburgh company responded with a counterattack worthy of Robert Bruce. For the next two months, S & N will ship to 30 countries around the world 36 million bottles of its Newcastle Brown Ale with the labels printed upside down. "It's a symbolic way of saying hands off, thumbs down, keep away," explains managing director David Stephenson. S & N executives hope that publicity about...
Maybe, but the RJR Nabisco deal will put that assertion to a stern test. The struggle for the huge company began two weeks ago, when it was announced that a group of managers led by chief executive Ross Johnson, 56, was considering making a $17.6 billion buyout bid, to be put together by Shearson -- not KKR. The announcement came after Johnson delivered a startling message to the RJR Nabisco board of directors: "This company ought to be in play." News of the buyout proposal stunned Henry Kravis, who felt betrayed by Shearson's chairman, Peter Cohen. For one thing, Kravis...
...Manhattan offices. Chewing out Cohen in front of Shearson aides, Kravis demanded a major role in the buyout, sputtering, "This is my franchise!" Cohen walked out, suggesting they talk again in a few days. But before that talk took place, Kravis delivered a thumping counterpunch: a $20.6 billion buyout bid for RJR Nabisco...