Word: kirks
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Dates: during 1990-1999
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Billionaire Kirk Kerkorian has ended his $22.8 billion hostile bid for Chrysler in what TIME Detroit Bureau Chief William McWhirter calls "an artless folly of comical proportions--the worst single deal in the history of money." Kerkorian, who said today through a spokesman that he has no plans to sell his 36 million shares, had offered to increase his ownership to 90% of Chrysler ina deal backed by former Chrysler chairman Lee Iacocca. "This deal simply couldn't be done," says McWhirter. "None of the traditional debt instruments were there to finance it, and no syndicate bank wanted that type...
...Kirk A. Williams, head TF for this spring'sLiterature and Arts A-18, "Fairy Tales and theCulture of Childhood," says he and the professorhad anticipated only 40 people, 80 maximum...
What if you threw a takeover party and no investors came? Las Vegas financier Kirk Kerkorian was in that predicament last week as his bid to acquire Chrysler for $23 billion, or $55 a share, seemed close to collapse. Not a single bank or financial partner has come forward to provide cash for the buyout since Kerkorian and former Chrysler chairman Lee Iacocca proposed it on April 12. That lack of support has caused Chrysler stock, which jumped nearly $10 a share to $48.75 on the day of the announcement, to fall back since then and close last week...
...Story" (another Oscar nominee) takes on the astoundingly eccentric task of portraying multiple Kirk Douglasses in multiple roles with multiple jutting chins. For two minutes (its entire length) the short is a welcome piece of absurdity. "Triangle" is a sexy piece of modern dance done in water-color and finger paint. Lithe bodies swirl across the screen in a semi-psychedelic fantasy which looks a lot like love-making done to the fierce beat of drums...
Chrysler's board of directors today formally rejected the$22.8 billion bid by corporate investor Kirk Kerkorian to buy the company,saying the unsolicited offer was disruptive and not in the best interests of shareholders. In today's trading, Chrysler's stock was down half a point to $44 5/8, well below the $55-a-share proposed takeover price. Chrysler also announced that it will use excess cash to increase the dividend or buy back shares, moves that could help shareholders...