Word: buys
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Dates: during 1980-1989
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...Universal Health Law Dukakis would undoubtedly pass if elected president would require employers to buy insurance for uninsured employees. Doctors do not pretend to be excited about what would bring this country one step closer toward socialized medicine, but by itself, the prospect of the law's enaction is not what will make them vote Republican, as some believe...
...said that the original terms of the Kohlberg, Kravis partnership prohibited hostile takeovers. James T. Gallagher, ITT vice president for public relations, said that Kohlberg, Kravis claims it told all limited partners it would perform hostile takeovers if the board of thetargeted company had already tried to buy out itsown shareholders...
...bought the cookies before last week's news that the management of RJR-Nabisco, a publicly-held consumer products conglomerate, had proposed a $17 billion offer to buy stock and take private ownership of the company. It was the largest buyout bid in history...
...without going into detail about the web of financial transactions which makes such staggering deals possible, one point should be made: while stockholders benefit from lucrative buy-out offers for their stock (the largest shareholders usually being company directors), and while buyers make huge amounts of money by breaking up acquired companies and selling them piece by piece or strengthening them before reselling the whole, all the billions of dollars spent, invested and earned in this matter do not go directly to any economic production...
...These are insane times," the vice chairman of a Cleveland-based industrial company was quoted in The New York Times. Stephen R. Hardis with Eaton Corporation explains that loading a company with debt in a buy-out at the expense of expansion or research is simply bad business...