Word: gibsonized
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Detroit right fielder Kirk Gibson who went 5-for-12 with one home fun in the series was unamimously selected. Most Valuable Player...
...needed for a leveraged buyout are thus backed by the company itself, there can be big profits for the investors, who often put up very little of their own cash. In one of the most celebrated leveraged buyouts, former Treasury Secretary William Simon and a group of financiers bought Gibson Greetings in January 1982 for $80 million while putting up only $1 million of their own money. Sixteen months later, Simon's group took Gibson public in a stock offering worth $290 million. Simon's profit on the deal: $66 million. Fortnight ago, Simon's Wesray Corp...
BORN. To Robyn Gibson, 27, and Mel Gibson, 28, American-born Australian hunky-dory actor (The Year of Living Dangerously, The Bounty): their fourth child, third son; in Sydney...
...Disney agreed to buy Arvida, a Florida-based land-development firm, in exchange for 3.3 million shares, nearly 10%, of its stock. Steinberg sued to stop the deal, but a U.S. district court in Los Angeles ruled in favor of Disney. Then Disney announced plans to buy Gibson Greetings, a Cincinnati-based producer of cards and wrapping paper, for up to 6.2 million shares of Disney stock...
While Miller and other Disney executives have survived for now, their company emerges from its battle with Steinberg in a much weakened position. Arvida and Gibson are not natural business partners for Disney, yet they have more than doubled Disney's debt load, to $850 million...