Word: holderness
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Dates: during 1960-1969
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...WARRANTS are often issued to sweeten takeover offers, especially unfriendly ones. The holder of a warrant has an option to buy shares of the issuing company in the future, at a fixed price. Warrants carry no voting rights, earn no dividends, involve pure speculation. Technically, they have no value at all unless the common stock climbs above the option price. They were in disrepute for most of the years since the Depression because their volatile prices make them extra risky for investors. But warrants caught on again after LTV and Gulf & Western used them to pay for acquisitions. Issued...
...unreasonable fare," by traditional CAB idiom, is not one that is too high: it is a fare that clearly does not allow the airline to cover the cost of transporting the ticket-holder. For competitive reasons, an airline might conceivably want to introduce such a fare; even though it lost money, it would lure customers away from the competitor and thereby increase "brand identification." The "reasonableness test" attempts to preclude such cut-throat tactics. To the CAB and the airlines, a fare is "reasonable" if it passes the "profit-impact" test: the revenues generated by the fare must excede...
Tonight's schedule includes trials in the high jump, long jump, pole vault, and middle distances. Both trials and finals will take place in the weight events, with the shot put featured at 8:30. Harvard captain Dick Benka will square off in the circle against Northeastern record-holder Andy Kenney. Benka tossed the sphere 61'5 1/2" against the Huskies three weeks ago, but has not been over sixty feet since then. Kenney has made steady progress and won the NEAAU title with a heave of 57'11" last Wednesday...
...according to the expert opinion of bankers, economists and others who closely study its affairs, the securities that it owns in many countries are worth more than $2 billion. By best estimates, the Vatican holds 2% of the shares quoted on Italian stock exchanges. It is a stock holder in several Italian banks, including one called the Bank of the Holy Spirit...
...kickoff team, a compassionate former Red Sox who studies city planning at Columbia when most footballers would be celebrating their victories--how different from the passionless fullback from Yale who Super Bowled for those tired titans of old football, the Packers. And Babe Parilli, the ageless place-kick holder and former Boston Patriot quarterback whose sensitive hands can now spot a ball (and spin the laces to the front!) three-eights of a second faster than anyone else in the world...