Word: buyer
(lookup in dictionary)
(lookup stats)
Dates: during 1980-1989
Sort By: most recent first
(reverse)
When Zaccaro sought a buyer for her interest in this building, he went to Lerman. They decided a fair market price was $325,000, nearly twice what Lerman and Ferraro had paid for the property five months earlier. (This value estimate was not unreasonable, it turned out, since the building was resold two years later for $375,000.) If they sold the building for $325,000 and paid off the $124,605 mortgage, Ferraro and Lerman would get roughly $200,000. Lerman agreed to pay Ferraro $100,000 in cash for her share. In purchasing her interest, Lerman took over...
...Sears buyer, Brennan was the youngest of three contenders for the job of president. That had been expected to be a handicap at sometimes conservative Sears, but two towering figures in Sears' history, Julius Rosenwald and General Robert Wood, were younger than Brennan when they took over. To help celebrate the occasion, Telling ordered out for a no-frills Sears executive lunch. The menu: pepperoni-and-sausage pizza...
...bank's near collapse two months ago has continued. Since May, customers are rumored to have withdrawn two-thirds of Continental's $30 billion in deposits. Last week bank officials appeared to have virtually given up looking for another bank or for some wealthy buyer to infuse new money into the institution. Instead, they were meeting in Washington with is federal regulators to discuss a drastic, last-resort solution in which the Government would assume ownership of Continental. If the deal is concluded, it will be the first nationalization of a major bank in U.S. history...
Once the run had been stopped, the FDIC tried to find a private buyer for Continental, but it had no takers. Such interested parties as Citicorp, First Chicago and the wealthy Bass family of Fort Worth all considered the deal and decided that Continental had more problems than they could handle. Since no one else was willing to step forward, the FDIC seemed to face no alternative but to take over the bank. Last week Continental and the FDIC still hoped that some private group might step forward, but they were fast losing all optimism about that possibility...
...charter expires next April, and it has decided to sell its holdings in Redditch to a single buyer rather than auction them off piecemeal. A dozen secret bids have come in from land-development companies, construction firms and pension funds. The price is expected to be nearly $100 million, or $130 million...