Word: maker
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Dates: during 1980-1989
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...week began, corporate raiders seemed to have been cowed by the surge in anti-takeover sentiment. That mood may have helped persuade Revlon Group Chairman Ronald Perelman to give up his hostile $4.1 billion offer to buy Gillette, the razor-blade maker. Probably more important, though, was the ! fast $34 million that Revlon earned by promising to back off. Investors branded the payoff as a clear case of greenmail, since Gillette agreed to buy back Perelman's 13.9% stake in the company at a premium price that was unavailable to other shareholders...
...Courbet on the left, you have Manet; beyond Thomas Couture on the right, there is Degas. To stand in the sculpture-avenue between them, savoring the confrontation, framed in their respective portals, of Manet's Dejeuner sur l'Herbe with Degas's Bellelli Family, each the masterpiece of its maker's youth, is to receive a museum experience of a very high order. Lucky the architect who can collaborate...
...they planned to sell off their operations in South Africa, speculation quickly began over which big U.S. manufacturer would be next to go. Last week Eastman Kodak joined the growing list of departing companies, but Kodak went further than any other firm. The world's largest film and camera maker said it will not only sell its South African business, as other companies have done, but will refuse to sell any products to South African customers. Word of Kodak's withdrawal came one day after a three-week strike ended at a GM plant that is being sold to local...
Chrysler intends to keep up with the automotive space race by making several high-tech acquisitions. In August 1985 the automaker spent $642 million to buy Gulfstream Aerospace, a maker of business jets. Iacocca has since been interested in a friendly takeover of a defense contractor priced at $1 billion or less but has been unable to find a suitable match...
...reason is that the company has so heavily touted its new high technology without delivering much in the way of specifics. Many Wall Street experts see few major contributions so far from GM's acquisitions of EDS, Hughes Aircraft in 1985 and Britain's Group Lotus, the maker of rakish sports cars, this year. But as cars and auto factories become more electronic, GM's space-age alliances could help the company pass its competition. Indeed, none of GM's rivals have taken the giant's poor third-quarter performance as a cue to throttle back. "It's a fluke...