Word: mergers
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Dates: during 1980-1989
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...daring move, Chrysler will buy AMC. -- The merger whirlwind blows anew. -- A transatlantic insider- trading scam...
...Chrysler-Renault agreement was the highlight of a surprisingly wild week of merger activity, which came at a time when many Wall Streeters had been expecting a slowdown in takeover bids because of tax reform and the insider- trading scandal (see following story). Chrysler, which began considering the AMC purchase last summer, estimates that it missed out on $100 million worth of potential tax write-offs on the deal on Jan. 1 because the advantages were eliminated by the reform legislation. Nonetheless, Iacocca was determined to buy AMC. Said he: "((The merger will)) strengthen both of us in what...
...charges may have already shattered the careers of the two cosmopolitan go-getters. Merrill Lynch promptly fired Vaskevitch, citing his failure to give the company an explanation of the SEC's charges. The son of a wealthy Israeli tobacco trader, Vaskevitch had already risen to head a merger operation for a British investment house by age 30, when he joined Merrill Lynch in 1981. He quickly became Merrill's top international mergermaker and lived accordingly in a $2.4 million London home filled with antique furniture...
...dean of admissions, Jewett maintained theCollege's need-blind admissions policy andorganized the merger of Harvard and Radcliffeadmissions. He continues to take a strong interestin College admissions and has been known to bringprospective students' folders with him to hockeygames. Sometimes, Jewett stills return to ByerlyHall to help out a bit with the process...
...already well into six figures. That lunch date allegedly led to the tip-selling arrangement in which Siegel boosted his income by a total of $700,000 over three years. But by making that purported deal, Siegel, only 38, will now forgo untold future income in the merger game. Since he is barred for life from the securities industry and could get up to ten years in prison, the lush life he enjoyed as a star dealmaker is already only a bitter memory...