Word: fluor
(lookup in dictionary)
(lookup stats)
Dates: during 1980-1989
Sort By: most recent first
(reverse)
...innovative Cash Management Account that combines checking, brokerage and credit cards services. Founded in 1946 in cooperation with nearby Stanford University and formerly named the Stanford Research Institute, SRI has been independent since 1970. It numbers among its corporate clients such major firms as IBM, General Foods and Fluor...
Mobil, another Conoco suitor, has hired the merger team of Merrill Lynch White Weld, which is headed by Carl Ferenbach, 39. Du Pont has retained the services of First Boston Corp., whose merger mentors, Joseph Perella, 39, and Bruce Wasserstein, 33, last March masterminded Fluor's $2.7 billion purchase of St. Joe Minerals. Their fee for that deal: $3.5 million. If Du Pont wins Conoco's hand, First Boston could pocket as much as $15 million. But even if some other firm walks off the winner, First Boston will still claim a $750,000 loser...
...Fluor Corp. paid $2.7 billion to acquire St. Joe Minerals. The Kennecott copper company fought off a takeover attempt by Curtiss-Wright Corp. this year, only to be swallowed by Standard Oil Co. of Ohio. The oil companies are both the hunters, because their coffers are overflowing with petroprofits, and the hunted, because of the value of their deposits still in the ground...
...Conoco disappointment was the second time this year Seagram had been left at the altar with its $3 billion dowry. Its earlier bid for St. Joe Minerals had been quickly topped by Fluor. Will Bronfman pursue yet another U.S. company? Stay tuned. -By Charles Alexander. Reported by David Beckwith/Washington and Frederick Ungeheuer/New York
...share, almost three times St. Joe's book value, the bid seemed generous. But John Duncan, St. Joe's crusty chairman, announced that he would rather liquidate the company than sell it to Bronfman. Duncan would not even return Bronfman's phone calls. The Fluor Corp., a giant (1980 sales: $4.8 billion) construction firm, then topped Seagram's bid by $15 a share. Rather than start a costly, and probably futile, bidding war, Seagram dropped its offer earlier this month...