Word: counterbid
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Dates: during 1980-1989
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...based retailer. But as happens routinely in romances and rarely in corporate struggles, the whitest knight conceivable appeared last week. The venerable R.H. Macy & Co., an all-American name that evokes images of Thanksgiving Day parades and the classic movie Miracle on 34th Street, made a comparable last-minute counterbid for Federated. Corporate rescues, though, are never as certain as chivalric ones. While Federated seized on Macy's offer, Campeau refused to withdraw from the field...
...aerospace parts, machine tools and other industrial products, started the Shootout three weeks ago by making an offer of about $1.5 billion to buy Martin Marietta, an aerospace firm that also makes chemicals and building materials. Martin Marietta not only rejected the offer, but quickly responded with a counterbid to buy Bendix for some $1.5 billion. At about the same time, Martin Marietta began secret negotiations with United Technologies, which had been rumored to be interested in acquiring Bendix...
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