Word: legalize
(lookup in dictionary)
(lookup stats)
Dates: during 1980-1989
Sort By: most recent first
(reverse)
Paramount's tender set the stage for a clash of media titans that could lead to months of multibillion-dollar broadsides, legal pyrotechnics and dangerously unpredictable consequences. The Paramount bid came just 2 1/2 weeks before shareholders of Time and Warner Communications were to vote on merging their firms into the world's largest media company, with total revenues of $10 billion. But the sudden strike by Paramount, whose operations include one of Hollywood's top movie-and-TV studios and the giant publishing house Simon & Schuster, disrupted those plans and threatened to provoke a free-for-all in which...
...premium, reflecting the fact that in effect Time was acquiring a slightly larger company with many more outstanding shares, but would leave Time's stockholders with only the prospect that their stock would appreciate over the long run. Moreover, the process of getting Government approval and working out legal details required a 3 1/2-month gap between the announcement and the stockholders' vote on the deal, which left enough time for a hostile bidder to marshal his forces...
...editorial independence and integrity of Time's books and magazines. "Not only will we maintain editorial independence," Davis insisted, "we will demand it." Journalists at Time Inc. were concerned because, reassuring as such statements made in the heat of battle may be, they fall well short of the written, legal guarantees that had been cemented into the Warner merger...
...advised by Robert Greenhill, vice chairman of the Morgan Stanley investment banking firm, which is now Paramount's chief adviser in the bid. Paramount said last week that Donald Rumsfeld, a former Defense Secretary, has agreed to serve as trustee for tendered Time stock until Paramount clears all legal barriers to its takeover...
...perform rites for a traditionalist parish. Such a radical step, some believe, would break canon law and constitute a schism. Getting right down to basics, a spokesman for the diocese of southeast Florida contends that if and when a parting of the ways occurs, there will be serious legal and financial opposition to the schismatics, with challenges to any plans to hold on to their church buildings and clergy pensions...