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Dates: during 1980-1989
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Under the agreement, Philip Morris will pay $120 apiece in cash for 47.3 million shares of General Foods. At some $5.7 billion, the merger is the largest ever outside the oil industry. Moreover, the deal will give Philip Morris annual sales of about $23 billion, making it the biggest consumer- products firm in the U.S. Said General Foods Chairman James Ferguson: "We are convinced that Philip Morris' offer is in the best interests of our shareholders." In June, General Foods stock was trading at about...

Author: /time Magazine | Title: Call From Philip Morris | 10/7/1985 | See Source »

...York City Commissioner of Health David J. Sencer and SPH Chairman of Cancer Biology Myron E. Essex joined Mason in addressing an audience of 350 at the School of Public Health's Health Policy Forum, the largest turnout the Forum has ever attracted...

Author: NO WRITER ATTRIBUTED | Title: Officials: Caution is Key To Prevent AIDS Spread | 10/4/1985 | See Source »

Although Speakes repeatedly characterized the job offer as a promotion, it would mean a pay cut of about $15,000 a year and the loss of a department with 145,000 employees and, as she was fond of saying, the largest budget in the world with the exception of the entire U.S. and Soviet budgets--$330 billion. "That's a lovely position--for someone else," Heckler said of the ambassadorship last month...

Author: NO WRITER ATTRIBUTED | Title: Heckler: From Here to Eire | 10/1/1985 | See Source »

Part of the city's largest public housing project, Tlatelolco, was reduced to what a local paper called "a collective tomb." With thousands of families living in about 40 buildings, the final death toll at Tlatelolco was still uncertain by week's end, but it was assumed to be high. All that was left of one of the project's high-rises, the 13-story Nuevo Leon, was a 100-ft.-high pile of concrete and reinforcing bars. With at least 40 occupants found dead and 230 counted as injured, officials feared that 1,500 remained trapped, alive or dead...

Author: /time Magazine | Title: A Noise Like Thunder | 9/30/1985 | See Source »

Last week an embittered and virtually powerless Jobs resigned as Apple's chairman and from the board of directors, following an anguished break with President John Sculley. But Jobs, who remains the largest single Apple stockholder with more than $85 million worth of shares, will not go gentle into the night. He is launching a new computer company that could compete directly with Apple (1984 sales: $1.5 billion). Already Jobs has outraged Apple's board by persuading five of the company's managers, including top engineers and marketers, to join him in his venture...

Author: /time Magazine | Title: Shaken to the Very Core | 9/30/1985 | See Source »

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