Word: buys
(lookup in dictionary)
(lookup stats)
Dates: during 1980-1989
Sort By: most recent first
(reverse)
...passage to Ecotopia is impossible to buy, because this country of fiercely energized environmentalists exists only in the mind of Berkeley writer Ernest ("Chick") Callenbach, 59. Since his novel Ecotopia was first published in 1975, it has become an environmental classic. Now, after a summer of discontent -- ozone smog, sewage and medical wastes on beaches and fears of a global warming caused by the greenhouse effect -- the novel is winning new popularity. "It's a super book. It really gets students discussing solutions to our environmental problems," says William Hastings, a professor at San Diego Mesa College, who is using...
...Nabisco bombshell broke three days after Philip Morris offered $11.5 billion to buy Kraft. That merger, if consummated, would create the world's largest consumer-goods company: Philip Morris' Marlboro cigarettes, Maxwell House coffee and Miller beer would move into the same corporate basket as Kraft's Velveeta cheese, Parkay margarine and Breyers ice cream...
Philip Morris hopes that its play for Kraft will prove to be pre-emptive -- so attractive that Kraft management will be unable to turn it down. The tobacco and food giant is proposing to buy Kraft for $90 a share in cash, a 50% premium over the $60 price of Kraft stock before the offer. To get a friendly match and outbid other possible suitors, Philip Morris may have to raise its bid to more than $100, according to Wall Street analysts. Says Hamish Maxwell, the Philip Morris chairman: "We're prepared to negotiate this deal...
...Smirnoff vodka). Last week the company took out full-page newspaper ads that showed the normally cherubic Pillsbury Doughboy with a grim expression and wearing boxing gloves. Warned the ad: "We're not going to sit idly by while an opportunistic British liquor and gambling company tries to buy respectability...
Risks arise, though, when takeovers force a company to assume excessive debt. The proposed buyout of RJR Nabisco, for example, could load the company with enough debt to make it vulnerable to rising interest rates and a recession. Since Philip Morris will borrow about $9 billion to buy Kraft, its obligations too could become uncomfortable. The tobacco conglomerate is confident, however, that its cigarette business will generate enough cash to pay off its debts...