Word: froelich
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Dates: during 1990-1999
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...around $24, was a boon for Turner shareholders, but the potential benefit for the buyer was the more controversial point. "This is an absolutely natural fit for Time Warner,'' says PaineWebber analyst Christopher Dixon, who stresses the success of Turner's programming in foreign markets. Other analysts, including Edward Froelich of Pershing & Co., are less impressed, partly because the heavily indebted Time Warner will be financing the deal by issuing an additional 189 million shares of stock, there by increasing the outstanding shares 50% and threatening to dilute their value...