Word: megadealers
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Anyone who is tired of hearing about Real Estate Mogul Donald Trump's latest megadeal or his timely escape, unscathed, from the stock-market crash may have felt a certain satisfaction last week. According to FTC: Watch, a biweekly newsletter that reports on the Federal Trade Commission, the agency has...
Shuwa Investments, a family-owned real estate developer, may be America's largest Japanese landlord. The company made headlines last summer when it bought ARCO Plaza, a prime, 2.4 million-sq.-ft. piece of downtown Los Angeles, for $620 million, in the biggest real estate megadeal in California history. Since...
Another promising megadeal was the decision last June by General Motors to buy Hughes Aircraft, a leading producer of high-technology equipment, for $5.2 billion. The agreement followed GM's 1984 acquisition of Electronic Data Systems, a premier data-processing firm. The world's largest automaker hopes to use the...
As antimerger sentiment began bubbling in Congress, the last thing the oil industry wanted was another takeover. But that is exactly what it got last week. Mobil (1983 revenues: $58.5 billion) announced that it would pay $5.7 billion for Superior Oil (revenues: $1.8 billion). It was Big Oil's...