Word: firm
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Dates: during 1980-1989
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...University has invested $20 to $40 million as one of 70 participants in a limited partnership managed by the Wall Street firm Kohlberg, Kravis, Roberts, and Co. (KKR), which will make the down payment for the buyout. It is not clear how much Harvard money will actually help finance the takeover...
...Washington, the State Department said the U.S. decision to deny the visa was "firm and final." But it said it would not stand in the way of moving the debate on Palestinian issues which is scheduled to begin Thursday...
...committee of the company's directors responded to Johnson's proposal on Nov. 7 by opening the bidding for RJR to all comers, setting last Friday as the deadline. Two days before the auction closed, one potential bidder, the Manhattan investment firm Forstmann Little, scrapped its planned offer. Forstmann's departure left two contenders: the RJR management group, which had upped its offer to $21 billion ($92 a share), and the investment firm Kohlberg Kravis Roberts, with its bid of $20.6 billion ($90). RJR's board could take as long as several weeks to study all new offers, including revised...
...when the Los Angeles banker bought a new auto two years ago, she chose a $20,000 Porsche. That was the easy part. When she went shopping for auto insurance, two companies refused to insure the sports car. Stunned by their rejection, Kulas wound up with a firm that charges $4,600 a year to insure the Porsche and her husband's BMW. Says she: "This is outrageous. We're being penalized just because we have nice cars. We could buy another one for the amount we pay in insurance every year...
...weeks ago, Trutt's passion came dangerously close to exploding. Acting on a tip from an informant, police in Norwalk, Conn., arrested Trutt seconds after she placed a powerful pipe bomb studded with roofing nails outside the headquarters of the U.S. Surgical Corp., a firm that animal-rights activists have accused of cruelty to the dogs it uses for medical research and training. On the seat of Trutt's rented Chevy pickup was a remote-controlled detonator from which a battery had been removed to prevent an accidental explosion. A subsequent search of her apartment turned up three more bombs...