Word: bidness
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Dates: during 1990-1999
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Johnson, who controls a majority of BET's voting stock, now has a thorny problem: sweetening his offer will siphon capital from BET's planned expansion. On the other hand, since he has essentially put the company up for sale, a failure to raise the bid might tempt deep-pocketed media giants like NBC or Disney to make a bid. Johnson is adamant that he won't cede control. Says he: "I will not give up my stake. Never. Why should I, when I can make this company grow so much larger...
...widening fund-raising investigation that threatens to topple current Teamster president Ron Carey has brought Hoffa closer than ever to reviving the family dynasty. Carey has spent time before a federal grand jury investigating an illegal scheme to divert union money to his campaign during his 1996 re-election bid, in which Hoffa was narrowly defeated. And it's far from certain that Carey will even be allowed to participate in the rerun election scheduled to begin in January. Hoffa, meanwhile, is out campaigning, raising money, plugging a reformist platform and decrying what he describes as the "biggest scandal...
...Slim pickings indeed. But there were some feasts to be had: MCI, for example, seems to be whetting the appetite of every telecom company going. This week GTE joined the feeding frenzy, and made the highest cash bid in corporate history for the bloated ?phone firm. Just remember to leave a little on your plate when you?re done, guys...
...Boards and our Web site. They bulletin boards are located in Room 209 and in the Recruiting Resource Center in the basement of OCS. All Fall and Spring schedules will be posted in Room 209. Recruiting Information and company ads will also be posted in the Recruiting Resource Center. Bid results for February will be posted on Wednesday, January 7th and for March bid results will be posted on Wednesday, February 5th on the bulletin board outside the Recruiting Office...
...appearances, GTE's deal ? the biggest such bid in corporate history ? is the best, since its offer is in cold cash. If GTE and MCI do merge, however, the deal will face major U.S. regulatory hurdles, and the companies may have to sell off some operations to make it official...