Word: gulf
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Dates: during 1980-1989
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...about $25 billion in cash and securities, or $109 a share, was a bit less than the $25.4 billion, or $112 a share, that Johnson and his handful of top RJR managers had offered as their last stab. (The largest previous deal was Chevron's $13.3 billion takeover of Gulf in 1984.) "It was destined to happen this way," said a source close to the bidding. "The board could not appear to favor management in a buyout." Members of the losing side felt that the board had in fact discriminated against them. Declared an aide to the RJR officers...
...Sunset Strip's office buildings and Beverly Hills' mansions. Its owner and chief executive, the boyish Geffen, 45, often dresses for work in blue denim, wears a two-day beard and avoids any restaurant that requires a tie. Yet in an industry dominated by such giants as MCA and Gulf & Western, the Geffen Co. has become a serious contender, a factory of hits. Started in 1981 with just three employees, it pulled in $26 million in profits during 1987 and is expected to top $40 million this year...
...about real estate. Harvard may be Cambridge's largest landowner, but it seems that no one associated with the school can ever get enough space. Undergraduates are clamoring for a student center; the faculty is begging for more offices; Harvard Real Estate wants to build a hotel on the Gulf Station lot; and the final clubs, which own some of the most valuable property in the Square, selfishly keep it from students who need it, sharing it only with their few male members...
This plan has one final advantage: it would leave the Gulf Station untouched. This is as it should be, since the Gulf Station is not only an architectual masterpiece and historical landmark, but it's still one of the few parking lots in the Square, and therefore helps keep Harvard Yard safe from Al Vellucci...
...Harvard is on a collision course with the community. Glasnost is over," says Gladys P. Gifford about the University's plan to raze the Mass. Ave. Gulf station and build a hotel on the site...