Word: mergers
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Dates: during 1980-1989
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Boesky had fingered Martin Siegel, a former Kidder merger specialist who supplied the arbitrager with tips on takeovers. After Siegel pleaded guilty to criminal charges, authorities alleged that Kidder should have known what Siegel was doing. General Electric, which owns 80% of Kidder, struck the SEC deal to avoid prosecution -- and to put the scandal in the past. Even as the settlement was announced, GE pumped $100 million in capital into the brokerage...
...suitcase and $50 a bottle -- have been fixtures in castles and mansions everywhere. In 1986 Moet- Hennessy sold $1.34 billion worth of champagne and other luxury goods, while Louis Vuitton rang up $291 million. Last week the two French firms, which are still family controlled, announced plans for a merger...
...said to hope that an eventual Holmes a Court takeover of the company would force a settlement of its long legal war with Houston-based Pennzoil. That struggle has raged since November 1985, when a Texas jury slapped Texaco with a $10.5 billion fine for interfering with a merger agreement between Pennzoil and Getty Oil, a judgment that finally led to Texaco's bankruptcy filing in April. On the other hand, Holmes a Court's purchase may mean that he believes a settlement between the two sides is in the wind, a development that would push up Texaco's stock...
Pounding away on a Gibson, Hooker packs country-blues licks with all the eerie, electric echoes of a factory city at night. (In fact he was working as a janitor at a Detroit steel mill when he cut his first records.) This merger of acoustic and electric elements in his trademark "guitar-boogie" style has helped him survive countless folk and rock packagings in his career as a blues deity...
...placid "constituting convention." The ELCA, an amalgamation of three Lutheran churches, will establish its headquarters close to Chicago's O'Hare Airport by January. Before then, some congregations that find the ELCA too liberal plan to break away. (The conservative Missouri Synod and Wisconsin Synod remain outside the merger...