Word: buyer
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...Beverly Hills Hotel are on the set of a deal so big and racy that it could inspire a screenplay. The 74-year-old pink-and-green landmark has been sold at auction by the feuding family of Wall Street's most notorious insider trader, Ivan Boesky. The buyer: Tycoon Marvin Davis. The secretive Denver oilman, 61, submitted the winning bid of about $135 million to Boesky's wife Seema and her sister Muriel Slatkin. The sisters have not spoken in years, partly because Seema, who held 52% of the property, and Ivan refused Muriel a private table...
...said that during the ball she was made a $900 offer to purchase the most recent return, a 9 ft.-by-6 ft. modern work. The local artist said she is trying to reach the would-be buyer, who is in New York, to find out whether he is still interested...
...order to keep all the students living in Eliot, Kirkland, Leverett, Lowell and Winthrop Houses well fed, the central kitchen will purchase $1,985,000 worth of food this year, said Food Buyer Philip R. Bauer...
Apparently, Cambridge's Bruce fans were not fanatical enough to ignore a good buy. The Coop drowned out its competition with a record sale of 1200 copies. Assistant Buyer Bobby Hall says that the Coop had not had that kind of one-day record sale since the release of Springsteen's album "The River" in 1980. "With everybody out of school, it was a real zoo in here," said Hall...
...shareholders will scream foul unless it does something to rescue its foundering finances (more than $1 billion in losses in the past six quarters). To raise cash, BankAmerica has decided to consider selling one of its crown jewels, the highly profitable Charles Schwab discount-brokerage subsidiary. The most probable buyer is none other than Charles Schwab, the company's founder, who sold out to BankAmerica in 1983 for $52 million but remained head of the brokerage unit. To buy it back, banking analysts estimate, he will have to pay between $260 million and $300 million...