Word: complexed
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Turner has put forth a novel, no-cash financing plan. His Atlanta-based Turner Broadcasting System will offer a complex package of several types of stocks, bonds and other securities worth $5.4 billion in exchange for all 31 million CBS common shares. The deal could take more than a year to complete, even if it comes offsmoothly, which is unlikely. Despite Turner's reputation for accomplishing the near impossible with such ventures as Cable News Network and SuperStation WTBS, the proposal represents an almost incredible reach. Wall Street financiers are skeptical that Turner Broadcasting, which had 1984 revenues...
...arguments for and against a pull-out by U.S. companies from South Africa, often called disinvestment, are more complex. In the view of many advocates, the hope that U.S. investment would spur an economic advance that in turn would undermine apartheid has turned out to be an illusion. "Since the founding of apartheid, there has been tremendous economic growth" in South Africa, says Pennsylvania Democratic Congressman William Gray. "But apartheid is stronger today than it was ten or 15 years...
...words belong to Paul Booth, a former Army officer fragged by one of his own men in Viet Nam. He is mean-spirited and abusive. His wife Liz is an asthmatic heiress whose money is tied up in a complex trust fund. She is also the captive audience of a talky geologist named McCandless, who has rented his house to the Booths...
...nuclear-power plant in Boyertown, Pa., set off radiation monitors last winter, that in itself was unusual. Nuclear-plant workers rarely come into contact with radioactive substances during their daily routine. What disturbed Watras even more was that he tripped the detectors not while he was leaving the nuclear complex but when he was entering it. As a result, he requested that Limerick's owner, Philadelphia Electric Co. (PECO), check radiation levels at his house in Colebrookdale, Pa., a few miles from the plant...
...individual who had allegedly been removing parts from a bicycle. The responding officers found an individual fitting the description and searched him or her for extra bicycle parts. The individual did not have extra bicycle parts with him but was issued a no trespass warning for the Peabody Terrace Complex and sent away...