Word: mca
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Dates: during 1970-1979
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...MCA's timing especially annoyed CCLA brass: the offer came before Coke-L.A. could release its third-quarter sales and earnings figures. These are usually the year's fattest because of summer soft-drink consumption. CCLA's sales last year were $165 million, v. $141 million in 1975; earnings rose to $11 million from $9 million. Coke-L.A. even filed suit to stop the takeover bid, charging that it was illegal because MCA began buying shares of CCLA before filing appropriate documents with the U.S. Securities and Exchange Commission. Trading in CCLA was indeed furious...
...MCA bids for big bottler
Through its recording and Universal film subsidiaries, MCA Inc. has produced some of television's more violent programs (Baretta, Kojak), some very slick and successful flicks (The Sting and, above all, Jaws) and a stack of million-selling gold records, by Elton John and Olivia Newton-John among others. But entertainment alone has not satiated MCA's voracious appetite for acquisition. It also has pushed into computer services, retail gift stores, publishing (Putnam) and finance (Colorado's Columbia Savings and Loan). Last week MCA decided that all these things would go better with Coke. It offered...
That was not enough for CCLA managers, who denounced the MCA offer to shareholders as "not being representative of the inherent worth of your company." Coke-L.A., they pointed out, is about to wrap up a deal of its own to acquire Coca-Cola Bottling Co. of Mid-America. That would extend CCLA's marketing turf from Hawaii and the West Coast eastward. Both companies, like about 500 other Coke bottlers, are independent of the monster Coca-Cola Co. of Atlanta, which supplies bottlers for a fee with Coke syrup and rights to the trademark. The bottlers...
...Laurentiis, or Looking for Mr. Goodbar, a Richard Brooks adaptation of the best-selling novel. Columbia is putting its big bets on Close Encounters of the Third Kind, another science adventure epic, and The Deep, a successor to Jaws, which is the highest-grossing motion picture of all time (MCA's count of the worldwide gross: $196 million). A rash of copycat productions is about to break out: Exorcist II, Jaws 2 and Sting II are either scheduled...