Word: derailer
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...large block of Time stock in friendly hands, and it gives Time a head start in its acquisition of Warner shares. Time also asked a federal court in New York City to halt the Paramount bid on the grounds that it reflected a "campaign of deception and manipulation" to derail the Time-Warner merger. The suit alleged that Paramount feared the competitive impact of a Time-Warner combination and was intent on keeping such a merger from taking place. Said Nicholas: "I'm convinced that Paramount's was a spoiler...
Investment bankers, who stand to make hundreds of millions of dollars in advisory and underwriting fees no matter who comes out on top, had been hunting for months for a firm to derail the Time-Warner deal. Morgan Stanley gave its search for a spoiler the code name Project Clock. Merrill Lynch, another Davis adviser, assigned the name Space to its project. Citibank, for its part, stands to make $350 million in fees for putting together Paramount's war chest. At the same time, the bank manages 1.5 million shares of Time stock for its clients, on which they stand...
Countless problems could derail Baker at State. Third World debt, coming to terms with Marxism in Central America, Europe's desire to rush headlong into detente with Moscow, the flips that will be required to get Japan and the NATO nations to share more of the West's military and financial burdens -- these are only four "small" items on Baker's plate. But above all is the matter of America's role as U.S. hegemony comes to an end. Constraints on spending at home will limit American ability to project influence abroad at a time when U.S. dependence...
...diplomacy. The Western alliance, burdened by time- consuming consultation between its members, labored for two years to stake out a negotiating position for the Conventional Security Talks between the East and West, expected to begin next spring in Vienna. "There's the danger that in one stroke Gorbachev can derail the alliance's arms-control planning," warned Abshire. Indeed, as the NATO ministers met in Brussels last week, they did not want to play Scrooge by shunning the Gorbachev Christmas present. However, they wanted far more substantial force reductions than he announced...
...Michigan pre-caucuses. But his appeal went beyond the true believers (important enough in themselves) and had a lasting impact on the shape of the Republican race. By coming in second in Iowa, beating George Bush, Robertson gave Bob Dole, the winner in Iowa, a chance to derail Bush in New Hampshire. In addition, the hard core of the right that Robertson had pre- empted was unavailable to Jack Kemp when he needed it. But Robertson's campaign staggered from one kookiness to the next as the candidate not only professed he was (like all the Republicans) opposed to abortion...