Word: mergers
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Dates: during 1970-1979
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...seemed a marriage of sandals and Gucci loafers, of body odors and Bal àVersailles, of radical cheek and radical chic. The corporate merger announced last week between the Village Voice and New York magazine struck many observers as the oddest of couplings...
...section has had great success. In 1967 Lazard Partner Stanley De J. Osborne arranged the merger with McDonnell Aircraft that kept Douglas Aircraft from going under; later, Partner Howard S. Kniffin helped Boise Cascade spin off a number of enterprises in mobile homes and chemicals that were doing little for it but lose money. Meyer, still active at 75, last week headed off a threatened proxy fight at the Signal Cos. (shipping, Mack trucks, radio stations, the California Angels baseball team) by getting an Italian investment group to buy a major interest...
...expense to the University. Lyman acknowledges that such a proposal has been discussed, but both Harvard and Radcliffe officials are reluctant to indicate what factors prevent its implementation or whether they favor such a plan. It is clear, however, that Radcliffe would be sacrificing valuable bargaining power for future merger talks by allowing the buildings to be used for students and to thus come under Harvard's control...
...Radcliffe's biggest concerns in the merger talks is just what Harvard would do with the real estate in the event of complete merger. Full merger would probably mean eventual equality for the Radcliffe Houses, but Radcliffe officials fear that those parts of Radcliffe which now serve mostly women would be ignored. "We are forced to ask the question: if Radcliffe is absorbed, what would come then? We have some assets that Harvard is not particularly interested in. Who would watch out for the welfare of the Schlesinger Library and the Radcliffe Institute? I just can't imagine Harvard ever...
Aside from her financial assets approaching $60 million, Radcliffe has something else she is equally as hesitant to give up, but more resigned to losing, as an inevitable victim of merger--her identity. "There is a great concern about Radcliffe identity. I don't think anybody wants sub-merger or absorption. But we know that Harvard would never even consider a name like Harvard-Radcliffe for the University. We can't be non-realistic in any discussions we have. There just isn't even any reason to bring that up; it will always be just Harvard University," Lyman said...