Word: buyer
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Dates: during 2000-2009
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...INDIAN BUYER: MITTAL STEEL World's largest steelmaker is Europe based but Indian owned Company acquired: ARCELOR (LUXEMBOURG) Europe's top steel producer PRICE: $33.5 billion DATE: June...
...majors, but that didn't stop the Boston Red Sox from paying the Seibu Lions $51.1 million just for the right to negotiate with the Japanese sensation. The righthander has even inspired some suspicious lore: his "gyroball," a supposedly unhittable sinking fastball (it sounds like a ruse). So buyer beware: while a few highly paid Japanese imports, like Seattle's Ichiro Suzuki and Hideki Matsui of the New York Yankees, became All-Stars, others have memorably struck...
...Charles River, it’s scaling back its investment on the other side of the globe. The Harvard Management Company (HMC), which steers the school’s $29.2 billion endowment, has sold a minority stake in its 468,000 acre Kaingaroa forest in New Zealand. The buyer is a fund established by the country’s national government to provide for its aging population. The New Zealand Superannuation Fund will acquire a stake of approximately $200 million from HMC, which has owned the forest estate since December 2003. The government land, initially sold to a group...
...What happened to those four vessels due for Iran? Like any good salesman, Washington simply found a different customer. It spruced them up and, years later, has begun delivering them to a new buyer: Taiwan...
Most dramatic of all is the perilous situation in Australia. Its output doubled in a decade, and the country is flooded with unsold wine. And unlike France, which pays for unsold wine to be distilled into industrial alcohol, Australia has no government-subsidized buyer to bail wineries out. Mark McKenzie, executive director of the wine-grape growers trade group, says incomes for some growers have fallen 60% in the past two years. "It's as bad as I've seen it in 46 years," says Brian McGuigan, an industry veteran and founder of McGuigan Simeon Wines, the nation's second...