Word: mergers
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Dates: during 1980-1989
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...merger between Radcliffe's heavyweight and lightweight teams has resulted in two lightweights--Christina Erikson and Julia Holland--rowing in what was formerly the JV heavyweight boat...
...several obstacles still stand in the way of a successful Texas Air- Eastern merger. For one thing, Lorenzo, who has long been viewed as a foe of organized labor, could have trouble making peace with Eastern's unions. The airline narrowly averted threatened strikes last week by the pilots and flight attendants, but the uncertainty surrounding the carrier has made many passengers wary of flying Eastern...
Another potential problem is that the Government could challenge the merger on antitrust grounds. New York Air and Eastern are currently direct competitors on heavily traveled routes from New York to Boston, Washington, and Florida cities. While the Justice Department is studying the deal, other airlines could come forward to top Texas Air's bid. Says Robert Joedicke, an airline analyst for the Shearson Lehman Bros. investment firm: "The merger is not a fait accompli yet. A lot of things can happen...
...shakiest airlines is TWA, which expects to lose $125 million during the first three months of 1986. Buying Ozark Air Lines is part of an aggressive plan to stanch that red ink. The merger could make TWA, which is best known as an overseas carrier, stronger domestically...
...Eastern-Texas Air and TWA-Ozark deals merely accelerate a merger binge that was already well under way. In the past four months, People Express has acquired Frontier, and Northwest has agreed to buy Republic. Says Louis Marckesano, who follows the industry for the Janney Montgomery Scott investment firm: "At this rate, in five to ten years the American airline industry will look like the U.S. auto industry, with three or four megacarriers covering the globe." If that happens, Texas Air and TWA are determined to be among the survivors...