Word: houston
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Dates: during 1980-1989
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Philadelphia 118, Houston...
Mergers do not inevitably mean unfriendly takeovers. Last week Royal Dutch/Shell Group (1983 nine-month revenues: $60.7 billion), the mammoth British and Dutch energy producer, sought to buy out minority owners of its Houston-based Shell Oil subsidiary. Royal Dutch offered $55 a share, or $5.2 billion, for the approximately 30% of the U.S. firm that it does not already own. Said Sir Peter Baxendell, Royal Dutch senior executive: "This will enable us to invest and operate within the U.S. and abroad without any obstructions that might result from the presence of minority shareholders...
...Houston 122, Kansas City...
...blackout represents the latest cost-slashing move by former Transportation Secretary Drew Lewis, 52, who left the Reagan Cabinet last January to become chairman of Warner Amex. It currently operates 121 cable systems in addition to the six Qube outlets in Columbus, Cincinnati, Pittsburgh, Dallas, Houston and St. Louis. Under Lewis, Wirner Amex has embarked on such steps as an effort to cut existing cable service in Dallas, Pittsburgh and Milwaukee. Even so, some analysts expect Warner Amex to run up more than $100 million in losses this year, on top of an estimated 1983 deficit of as much...
...Houston 118, Golden State...