Word: merger
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Dates: during 1980-1989
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Perhaps Gaddafi's most brazen use of force was his invasion of neighboring Chad in November 1980 in support of President Goukouni Oueddei. Barely a month later, Gaddafi declared a merger of the two countries and kept up to 10,000 Libyan troops in Chad as a virtual occupation force. Then, just as abruptly, Gaddafi removed his troops last November after the Organization of African Unity asked him to do so. But he may not stay out: much of Chad is marked on Gaddafi's own maps as part of a greater Libya that also includes sections of Niger...
...more than $27 after the deal was announced. Few observers, though, were totally convinced that Marathon's fate has been sealed. Mobil could raise its offer and touch off a bidding war, other oil companies might try to get Marathon, or the Government could rule out any merger on antitrust grounds. The Marathon drama may go on for several weeks...
...meantime, Marathon directors quickly began considering their options for the next step. Many companies at this stage start looking for a so-called white knight, a firm willing to offer a higher price or more attractive merger conditions. Marathon's choices for such a savior are limited to a few giant corporations, mostly other oil companies, that have the financial resources to outbid Mobil. So far, however, no public candidates have come forward...
...Marathon and Mobil not to discuss their next moves publicly until Tuesday of this week. But documents filed last week with the Securities and Exchange Commission reveal that the Marathon board of directors has already authorized the firm's officers to use an assortment of defensive tactics. In merger circles these have been nicknamed "the grab bag." Marathon's options...
...another company. Such a step would make the merger target bigger and thus tougher to take over. Just before the Mobil bid, Marathon announced a tentative deal to purchase the U.S. subsidiary of Husky Oil Ltd., Canada's 14th largest petroleum company...