Word: mergers
(lookup in dictionary)
(lookup stats)
Dates: during 1980-1989
Sort By: most recent first
(reverse)
...since a hostile takeover could cost as much as $13 billion. Some investment pros believe Pickens aims to encourage a takeover bid by a large corporation like cash-rich Ford, which might be seeking high-tech acquisitions. As a major stockholder, Pickens could reap a fortune from any such merger. Alternatively, Pickens' strategy may be to force Boeing management to enhance its share price by launching a stock buy-back...
Although the Federal Government has smiled on most recent merger activity, every now and then a corporate union gets flagged down. Last week the Interstate Commerce Commission affirmed its year-old rejection of the proposed merger between the Santa Fe and Southern Pacific railways, citing "serious anticompetitive effects" as its reason. The combined railway would control more than 90% of rail traffic on the West Coast...
...move came on the heels of a Justice Department plea to the same body, urging a rebuff of Greyhound Lines's request that it be allowed to begin operating ailing Trailways immediately rather than wait for formal approval of a merger between the firms. Justice argued that allowing Greyhound to run Trailways before the ICC has studied the proposed merger would blur the companies' respective identities and make it difficult to restore competition should the merger be turned down. At week's end the ICC gave Greyhound temporary permission to operate Trailways after Justice changed its mind. The reasoning...
...each other in a business that was going rapidly downhill. Last week the archcompetitors of the open road decided that joining forces might be the best way to survive. Greyhound Lines, the nation's biggest bus company, announced that it would buy rival Trailways for $80 million. If the merger is completed, the U.S. will be down to its last national bus line...
...impetus for the proposed merger came from Fred Currey, a Dallas entrepreneur who bought Greyhound Lines from the Phoenix-based Greyhound Corp. in March. Soon after the purchase, Currey, who had been chief executive of Trailways during the 1970s, began negotiations to acquire his old firm as well. He hopes that the Interstate Commerce Commission will approve the merger on the ground that struggling Trailways might otherwise go out of business. To help gain support for the deal, Currey pledged last week that Greyhound would not abandon some 400 towns, including Albany, Ga., and Fort Polk, La., that...