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...popular demand, it would seem, Jane Seymour has already won the part of Scarlett O'Hara in an upcoming sequel to the 1939 classic Gone with the Wind. The only trouble, reports the actress, "is that I haven't been approached by the people making the movie." This unflattering state of affairs came about when newspapers in Britain and the U.S. simultaneously asked readers who would be their favorite choice to refill the role made famous by Vivien Leigh. Seymour won both polls hands down, and rumors began to fly. "People have been asking me about this for months...

Author: /time Magazine | Title: People: Jun. 15, 1987 | 6/15/1987 | See Source »

...Hara and Del Valle, two nonfamily members who were brought in to run the company a decade ago, won the support of many of the Bacardi heirs for the privatization plan, but another faction rose up in opposition. The dissidents feared that they would lose their voice in management and that removing the stock from public trading would hurt its value. Said a discontented family member: "The reasons put forth in the proxy statement are not sufficiently weighty to put the company through this trauma...

Author: /time Magazine | Title: Rum Deal in an Old Family Firm | 5/25/1987 | See Source »

...same officers, and all stick to the same standards for producing Bacardi rum. Puerto Rico-based Bacardi Corp. is the only portion of the empire that is a publicly traded company, and that is the point of contention. Last year Bacardi Corp.'s two top officers, Chairman Alfred O'Hara and President Manuel Luis Del Valle, launched a campaign to take the Bacardi Corp. private. In a proxy statement, they said such a move would "reduce the diversity of stockholder interests, thereby simplifying the corporation's management decisions...

Author: /time Magazine | Title: Rum Deal in an Old Family Firm | 5/25/1987 | See Source »

Meanwhile, O'Hara and Del Valle devised a plan to reduce the number of shareholders to fewer than 300, which would eliminate the SEC reporting requirements that apply to a public company. Management proposed to do this by declaring a reverse stock split of one share for every 1,000 shares. Anyone holding fewer than 1,000 shares would have to accept a cash payment of $41 a share, and that would whittle the total number of stockholders to below the magic 300 level...

Author: /time Magazine | Title: Rum Deal in an Old Family Firm | 5/25/1987 | See Source »

REPORTER- RESEARCHERS: Rosemary Byrnes, Ursula Nadasdy de Gallo, Brigid O' Hara- Forster, Victoria Sales (Department Heads); Audrey Ball, Bernard Baumohl, Peggy T. Berman, Val Castronovo, Nancy McD. Chase, Oscar Chiang, Georgia Harbison, Michael P. Harris, Anne Hopkins, Naushad S. Mehta, Nancy Newman, Jeanne- Marie North, Susan M. Reed, Elizabeth Rudulph, Alain L. Sanders, Zona Sparks, William Tynan, Susanne Washburn (Senior Staff); Wilmer Ames Jr., David Bjerklie, Elizabeth L. Bland, Kathleen Brady, Robert I. Burger, Howard G. Chua- Eoan, Tom Curry, Nelida Gonzalez Cutler, Sally B. Donnelly, Andrea Dorfman, Helen Sen Doyle, David Ellis, Kathryn Jackson Fallon, Mary McC. Fernandez, Cassie...

Author: /time Magazine | Title: Time Magazine Masthead | 4/27/1987 | See Source »

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