Word: junking
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Dates: during 1980-1989
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...pull off the deal, Goldsmith and his partners propose to borrow nearly $17 billion. Drexel Burnham Lambert will raise $6.4 billion through a junk- bond issue, and Bankers Trust will assemble a consortium of banks to provide the rest. Yet B.A.T investors would get no cash for their 1.5 billion shares. Instead, Goldsmith and his partners, bidding through a company called Hoylake Investments, would pay B.A.T shareholders a combination of Hoylake stock and loan chits worth $13.82 a share (B.A.T stock was trading at 11.28 in London before the deal was announced). Hoylake would pay down the debts by selling...
...that first day I still innocently believed that vodka was my friend and B-31 was just another number. Next to me, my new roommate was also unpacking the usual junk--towels, notebooks, computer, goat cheese. Goat cheese...
Luckily, I was assigned to nice, safe, Holworthy 5. When I unpacked the first day, I pulled out all the usual junk--books, clothes, sheets, vodka. The Smirnoff was a going-away present from my boyfriend back home. I dumped the boyfriend for the man from Kirkland House. Big Mistake # 1. All he ever gave me was a headache and a hangover...
Which brings me to another long-lasting friend: Store 24. It was close, it was full of junk food, and it was open all night. I learned to like Ramen noodles...
...share exchange already executed and on Paramount's ability to obtain adequate financing. To cover the cost of acquiring Time's stock and meet merger-related expenses, Paramount said it expects to secure $14 billion in bank loans and raise $1.6 billion through the sale of high-interest junk bonds...