Word: mergers
(lookup in dictionary)
(lookup stats)
Dates: during 1980-1989
Sort By: most recent first
(reverse)
...share to $105 earlier this year in the month before the announcement of its acquisition by Capital Cities. General Foods rose from $70 a share to $120 before it was bought by Philip Morris. Last Wednesday the price of RCA stock jumped $10.375, to $63.50, hours before the merger was announced...
Takeover artists, arbitragers, junk bonds and all the other elements of merger finance have created a mood of high uncertainty in corporations. Rather than planning new products or considering new markets, many executives are spending their time looking around at whom they might take over or who may try to take them over. In a less frenetic period, RCA might not have been so eager to find a merger partner. The motto of these executives could be borrowed from the legendary baseball pitcher Satchel Paige: "Don't look back. Something might be gaining...
...gainers. Some 80% of trading on the stock market is done by institutions. Their major concern is to get the highest possible return on investments, and a quick corporate takeover is often the way. Institutions are often eager to sell out to arbitragers for large profits once a merger fight begins. To such investors, notes one veteran Wall Street watcher, "a corporation is no longer a company, it's just a deal...
...deals can pass information along to colleagues, friends and relatives. A secretary who types a prospectus or contract can do the same. It may thus be virtually impossible to keep news from seeping out once a raider begins lining up financing for a deal, or two firms start talking merger...
...Securities and Exchange Commission, worries about what he calls "an unsettling proliferation of rumor activity in the marketplace." Says Lynch: "We have opened an unusually large number of investigations recently." Last week the SEC and two exchanges were studying the sudden jump in RCA stock before the merger announcement...