Word: merger
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Dates: during 1980-1989
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...discovered what he was looking at was a walrus." In the author's luminous notes, the Eskimos, the animals and the landscape are components in a vast, unfinished epic. "The continuous work of the imagination," Lopez concludes, is "to bring what is actual together with what is dreamed." This merger is a crystalline triumph...
...Eastern Airlines for about $600 million. For Eastern Chairman Frank Borman, the deal was an unfortunate, but unavoidable act of a company close to bankruptcy; for many of the employees it was a shameful sellout; and for the rest of the industry it was a shocker. If the merger goes through, it will create the largest U.S. airline, flying some 55 million passengers annually and serving 212 domestic and 71 overseas destinations. United would drop to second...
...single week. Four days later TWA Chairman Carl Icahn said the carrier would buy St. Louis-based Ozark Air Lines for $225 million. That union would increase TWA's annual traffic by 30%, to some 27 million passengers, and strengthen its position as the fourth- largest U.S. airline. The merger would be a coup for Icahn, a New York financier who gained control of TWA only seven months ago. Though a TWA-Ozark deal was already in the works, he rushed to complete the negotiations after the Eastern deal was announced. Icahn realized that in the increasingly competitive skies, only...
When the big lobbying guns line up on opposite sides of an issue, they tend to cancel each other out. Threatened with a takeover by Mobil Oil in 1981, Marathon Oil hired Tommy Boggs' firm to push a congressional bill that would block the merger. The firm managed to get the bill through the House by using a little-known procedural rule at a late-night session. In the Senate, however, Mobil--represented by former Carter Aide Stuart Eizenstat--was able to stop the bill when Senator Howell Heflin of Alabama blocked consideration on the Senate floor. Heflin...
...high. Chief Executive Marshall Smith, 56, is convinced that his new, technologically impressive Amiga computer will become a winner and that the banks will give the company enough time to make a turnaround. Wall Street speculates that Commodore may be working on a deal to raise cash through a merger or joint venture with another firm...