Word: conoco
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Dates: during 1980-1989
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...takers buy shares in a firm soon after a takeover bid is announced, in the hope that they can resell the stock to the acquiring company at a much higher price when the deal is finally concluded. Risk arbitragers made estimated profits of about $200 million last year on Conoco stock when it was sold to Du Pont. Ivan F. Boesky, 45, is said to have made at least $40 million on the Conoco takeover...
...concluded, the takeover would rank as the third largest in U.S. corporate history, surpassed only by last year's $7.5 billion merger of Conoco and E.I. Du Pont de Nemours, and the $6.2 billion acquisition of Marathon Oil by U.S. Steel. The resulting company would instantly become the seventh largest American industrial firm, with sales exceeding $36 billion...
...shock, longtime residents of Parachute retained a dogged optimism. They hope that a Union Oil Co. shale project in the area will stay on track and doubt that they have seen the last of Exxon. Said Cecil Gardner, 54, a Parachute native who operates the town's Conoco gas station: "There'll be a boom again. You just wait till gasoline goes up a few more cents a gallon. Oh hell yes, they'll be back." Local people still hope that Parachute and Battlement Mesa will not become ghost towns like Silver City and Russell Gulch, which...
...buildings of Deere & Co. in Moline, 111., and the additions to New York's Metropolitan Museum of Art, including the Temple of Dendur Pavilion, the Michael C. Rockefeller Primitive Art Wing and the Robert Lehman Pavilion. New corporate headquarters for Union Carbide Corp., General Foods Corp. and Conoco Inc. are nearing completion. Early this month plans were announced for redesigning New York's Central Park...
...towers-the Worcester (Mass.) County National Bank, for instance-loom large indeed. But while many big new buildings, in the name of progress, merely take, Roche's buildings give-pleasant plazas or little parks and improved working conditions. Union Carbide's complex is only four stories high. Conoco, near Houston, consists of three-story buildings clustered around an artificial lake. General Foods, in Rye, N.Y., in harmony with surrounding residential buildings, is seven stories high...