Word: marietta
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...Francisco Martin Marietta...
...Paul Rogers. Ultimately the board decided that dropping the show would contravene the troupe's commitment to new plays (its season has also included a world premiere of Fragments -- A Concerto Grosso by Edward Albee, now running in New York City, and The Rights by Lee Blessing, now in Marietta, Georgia). Artistic director White offered one concession: no one under 18 would be admitted. White's position was bolstered by a donation of more than $6,000 from local gay businessmen, who lauded the theater's courage but chose to remain anonymous...
Northrop Corp., the Los Angeles weapons maker, won the battle for Long Island, New York, military contractor Grumman. Competing with Martin Marietta for the prize, Northrop agreed to pay $62 a share, or about $2.1 billion, for Grumman -- close to $170 million more than Martin Marietta, Grumman's original choice for a partner, was willing to fork over. Grumman had sought a merger to help ensure longevity in the shrinking military industry. Grumman agreed to pay Martin Marietta $50 million to forget their deal. And what will the employees of Grumman get? Most likely, layoffs...
...Martin Marietta and Grumman officials insist that only a handful of top officials knew of the impending deal before the weekend. They hint that outside financial and legal advisers were the most likely culprits. The SEC probably will begin its probe by examining an options order for the right to buy 25,000 shares of Grumman stock before April 15 at $45 a share. The buyer paid 25 cents a share for the right, or $6,250. In the wake of the deal, the stock soared to nearly $55, meaning the value of the $6,250 stake had soared...
...post-cold war consolidation of the U.S. defense industry intensified with a bidding war to purchase the ailing Grumman Corp., one of the most venerable names in military aviation. Martin Marietta's announcement of a $1.9 billion deal to acquire Grumman was followed by a $2 billion offer from Northrop. As the buyout battle unfolded, the sec launched an insider-trading investigation into heavy stock and option trading of Grumman shares that occurred just before Martin Marietta announced its move...