Word: creedon
(lookup in dictionary)
(lookup stats)
Dates: during 1980-1989
Sort By: most recent first
(reverse)
...shuffling deals that have proliferated in the past decade. The management group is planning to take apart a merger, between RJR and Nabisco, that they hailed only three years ago as a brilliant strategic move. "What is being done threatens the very basis of our capitalist system," said John Creedon, president of Metropolitan Life Insurance company, which is suing RJR because the potential buyout has undermined the value of all bonds that the food and tobacco company sold before the announcement. Not everyone was alarmed. Said Harry D'Angelo, a finance professor at the University of Michigan...
...debt, the old bonds get clobbered. No sooner had Johnson disclosed that he wanted to buy RJR Nabisco, for example, than the company's $5 billion of outstanding bonds lost 20% of their value. Furious bondholders, including Metropolitan Life and ITT, immediately sued for damages. Declared Metropolitan Life chairman Creedon: "No one in his right mind wants to invest in corporate bonds anymore." In fact, the LBO binge has created a financial innovation called the "poison put," which guarantees bondholders against the risk of buyouts and other unexpected deals that might depress their holdings...
Princeton: Jack Craig, D; Dan Creedon, F; Jeff Kampersal, D; Chris Stewart, F; Dan Slatalla, F; Scott Mattison, F; Glenn Stevens...
Several calls yesterday to Ways and Means Chairman Michael Creedon (D Brockton) went unreturned...
...parties was reached in marked contrast to last year's fight between the executive and the legislature which spiled over into a summer session. "This agreement represent the best example of good government I've seen "since I've been in the Legislature." State Rep. Michael C. Creedon, chairman of the House Ways and Means committee, said Friday...