Word: claytons
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...Richfield's $700 million buy-out of Anaconda, the copper-mining giant. Right now, Gulf Oil has offered $440 million for Kewanee Industries, an independent oil and gas producer; PepsiCo has bid $315 million in stock for Pizza Hut, a chain of franchised fast-food stores; and Anderson, Clayton & Co., a major food processor, initially offered $323 million, before later reducing its bid, to buy control of Gerber Products, maker of two-thirds of the nation's baby food...
Traditionally, of course, the maker of a tender offer raises the price if his first attempt is balked. But two weeks ago, Anderson, Clayton & Co., a big food processor, became the first to try the opposite tack: it lowered its offer for Gerber Products Co., the baby-food maker, to $37 a share from an initial $40. The aim apparently was to prompt shareholders of the target company to bring pressure on management to accept the original offer. Two lawsuits have already been filed on behalf of Gerber stockholders, seeking damages from Gerber management for resisting...
Nearby residents learned about the escape in the time-honored way: the siren began to wail. But with the phones out, Assistant Warden Clayton Davis had to send a man those six miles by car to report the escape to the sheriff in Wartburg. Capturing the wounded prisoner Ward was no problem; he was right outside the wall. Local roads were swiftly blocked off. But prison officials needed 45 minutes before they could organize a full-scale search. With six bloodhounds in the lead, a posse started after the group, which had disappeared in the direction of Frozen Head Mountain...
...April, Marshall had come back from Moscow convinced that the Russians had every intention of exploiting Europe's misery. Then in May, Will Clayton, his Under Secretary for Economic Affairs, reported a rapidly worsening situation. Immediately, Marshall had given George F. Kennan and his policy planning staff two weeks to draft a plan to save Europe. Under Secretary Dean Acheson, as well as Clayton, contributed heavily to the proposals that were boiled down into the 950-word speech. Now Marshall came to the meat...
Joggers become runners, and women, who until five years ago were not allowed to compete in the Boston Marathon, have now lowered the sex gap at the marathon distance of 26 miles 385 yards to less than half an hour (Derek Clayton holds the male record at 2:08:33, and Chantal Langlace is the female record holder...