Word: merger
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Dates: during 1980-1989
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Nomura took a giant step toward realizing that goal last week, stunning Wall Street with a move to become a major player in the U.S. mergers-and- acquisitions game. The company said it was paying $100 million for 20% of the hot, new Manhattan investment firm started six months ago by Bruce Wasserstein and Joseph Perella, the Wall Street wizards who built First Boston's merger department into one of the best in the business and then left to strike out on their...
Wasserstein, Perella has already managed about $19 billion worth of mergers and acquisitions, including the $6.6 billion purchase of Federated Department Stores by Canadian Developer Robert Campeau. Teaming up with the U.S. firm, Nomura can gain expertise in merger making and help its Japanese clients acquire U.S. companies. For Wasserstein, Perella the deal provides both an infusion of capital and global connections. Says Perella: "No other single alliance could give us the comprehensive reach that the Japanese connection we have with Nomura could...
Although her main achievement was to help craft the "non-merger merger" agreement that essentially relinquished Radcliffe control over women undergraduates, Horner oversaw the creation of the Bunting Institute--a research center for young women scholars--and the improvement of the Schlesinger Library for the History of Women in America...
...Maserati. He reports that his management team resisted the $1.2 billion AMC purchase, but he asserted his power of paterfamilias. Says he: "I heard everybody out, and then I overruled them." Iacocca's acquisitiveness seems somewhat at odds with his opinion of what is wrong with corporate America: merger mania, for one thing. He excoriates raiders and corporate chiefs who wage expensive takeover battles, leaving companies bloodied and indebted. He also faults political leaders for shortsighted partisanship: "All we do is finger-point." He particularly chides President Reagan, whom he describes as a "warm and wonderful human being," but "totally...
Some students and scholars have criticized Horner for stressing Radcliffe's graduate programs since the 1977 merger, saying she has done so at the expense of undergraduates. They say that Radcliffe is a largely forgotten part of women's undergraduate life and that its few services--like the alumni externships the college sponsors--only serve to separate women from their male peers...