Word: holderness
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Basically, the offering consisted of $1.6 billion in 30-year debentures accompanied by warrants to buy $1.6 billion worth of A.T. & T. stock between November 1970 and May 1975. Each warrant entitles the holder to buy a share of A.T. & T. stock for $52, about $3 above last week's closing price; thus any increase in the price of the stock above $52 during the next five years will give the original warrant holder a profit. The company began mailing the subscription offer to its 3,140,000 shareholders only last week, and Wall Street will not know...
...About halfway through your article "Inefficiency in America" [March 23], I was so discouraged that I felt in the need of a light refreshment. In the refrigerator I had two cans of Canada Dry ginger ale. Snapping both cans loose from the holder, the concern and reality expressed in your article were brought right into my kitchen when I found that the can in my left hand was empty-it had been scaled empty at the factory...
...moment in the life of Bennett Beach and, at the same time, in the history of the MBTA. As I emerged from the subway exit and read the time on the top of the Waldorf Cafeteria building in Harvard Square, I realized with satisfaction that I was the new holder of the cherished MBTA endurance record-20:04 consecutive hours on the subways...
...Mike Burton, the 1650 world record-holder is unable to participate in the nationals because of a knee injury, but Kinsella and Gary Hall of Indiana lead one of the toughest fields of the week...
...trustee investment committee of Penn University voted unanimously yesterday to mark its 29,893 share-holder votes in favor of the two Campaign GM resolutions on the company proxy statement...