Word: deale
(lookup in dictionary)
(lookup stats)
Dates: during 1980-1989
Sort By: most recent first
(reverse)
...from the utility's only problem. Six months ago, LILCO made a pact with New York Governor Mario Cuomo to sell Shoreham for $1 to the state, which would then scrap it. In exchange, LILCO was promised generous rate increases to help recover its investment in the plant. The deal may still go through, but last week's verdict brought LILCO face to face with another threat: a $2 billion-to-$4 billion class-action suit on behalf of nearly 1 million customers that could drive it into bankruptcy...
...controversial is distressing to me since I also proudly consider myself a member of the Harvard community. And that a sizable portion of the rest of the Harvard community is fighting for the inclusion into the club system of Harvard women is also difficult for me to deal with. As I witness the increasing disenfranchisement of the clubs from the Harvard social community, I am compelled more and more to confront these issues intellectually and to seek explanations for and solutions to them...
Imagine yourself as the owner of a bank and having a company president come to you saying, "Have I got a deal for you! Loan us enough money to help us buy our company back from the stockholders. We'll offer so much that they can't refuse. Then we'll streamline it by firing employees and selling subsidiaries...
...percent return on the $20-40 million it invested in KKR's takeover fund, but being in the interesting position of helping raid a company they own stock in, they will get huge returns from those holdings when the new owners sell off parts. The closing of the takeover deal earlier this month meant that RJR stock was worth $109 per share--quite a bit more than than the $56 per share it was worth on the market before the highly-publicized takeover war began, but that's the magic of buyouts...
Harvard contended that it did not have any control over the decision of KKR to take over RJR and claimed that it could not back out of the deal. The Commonwealth of Massachussetts pension fund, which had also originally committed funds to KKR's limited partnership, pulled out because it did not approve of the hostile takeover process or RJR's connections to South Africa. Harvard's administrators, however, saw nothing wrong with donating University resources to this scheme...