Word: largest
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Dates: during 1980-1989
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Leveraged buyouts are an increasingly popular, though controversial, method of taking over companies. The deals--which included the recent, largest-ever takeover of RJR-Nabisco by a limited partnership in which Harvard invested--buy out stockholders in a company using borrowed funds worth up to 80 percent of the buyout price. Only about 20 percent of the investment generally comes in the form of cash up front, which means the company ends up assuming a large debt once the sale is completed...
Cases involving consumer law, including debt relief and bakruptcy, make up the largest percentage of the clinic's case load, the director says. "The majority of our clients had jobs and incurred the usual consumer debts, then suddenly found themselves with staggering medical costs and no income," says Willoughby...
Residents in the nation's third-largest city vote today to fill the vacancy left by former Mayor Harold Washington, Chicago's first black mayor, who died in November 1987. The Illinois Supreme Court last year ordered the special election to fill the last two years of his term...
That resentment inevitably turned to anger, and last week Winnie Mandela was publicly read out of the antiapartheid movement. At a press conference in Johannesburg, the two largest black antigovernment organizations, the Congress of South African Trade Unions and the banned United Democratic Front, charged that she had "violated the spirit and ethos of the democratic movement" and called on the black community to "distance" itself from her. Though less critical, the exiled leadership of the African National Congress (A.N.C.) in Lusaka said Mandela had made mistakes. Murphy Morobe, a U.D.F. spokesman, said the organizations were particularly outraged...
...runs through the heart of downtown Boston. To relocate much of the highway underground, workers will have to excavate 13 million sq. yds. of earth, tearing up countless sewers and other subterranean tunnels. The problem: they are home to untold thousands of the city's rats, one of the largest such colonies in the country. Rudely evicted, the critters will emerge on the surface and start looking around for new homes...