Word: manhattans
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Dates: during 1980-1989
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Edelman got a taste of his own tactics last September, when Manhattan lawyer Martin Ackerman launched a proxy war for Datapoint. Edelman responded by entrenching himself more deeply. In a two-day blitz of stock buying, Edelman boosted his stake from 10% to 40%, largely by purchasing stock with cash from Intelogic Trace. Edelman won, but pride had its price: Datapoint shares have fallen an additional 25% in value...
...obliged to pay the bills because it accepted the proposed bid, which fell apart when the banks could not raise enough money to finance the buyout. (Citicorp and Chase Manhattan will receive a total of $8 million for their work.) The fees have infuriated some UAL shareholders, since the payments will come out of the company's profits...
...sharply increased funding to the National Institute on Drug Abuse, which sponsors almost all of the world's drug-abuse research. In the past year NIDA's medications and basic-research budget jumped 50%, to $75 million, and Congress promises similar increases in the future. "It's the Manhattan Project for chemists in the war on drugs," declares Duncan Taylor, a senior researcher at Bristol-Myers...
...shoppers streamed through the B. Altman department store in Manhattan last week, many of them looked wistfully at the lush elegance that surrounded them. The Renaissance-style emporium, completed in 1914 and situated across the street from the Empire State Building at 34th Street and Fifth Avenue, boasts crystal chandeliers and parquet floors, lofty ceilings and broad aisles. B. Altman, with its 124-year-old reputation for quality and gentility, is going out of business. Six of Altman's seven stores, situated mostly in New York, Pennsylvania and New Jersey, will be shuttered next month because its current owners were...
...Gloria, big-city girl, . whose boyfriend (as she confesses endlessly to her hairdresser) wants her to give up everything (a shoe-box apartment), move to Seattle and marry him. Keillor says that when he started to write the script, his hero was a plucky male writer who moved to Manhattan, but Gloria, the archetypal tough, yearning New York woman, muscled in and took over...