Word: mergers
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Radcliffe--an independent college for 120 years until its Oct. 1 merger with Harvard--always lacked a faculty and used Harvard professors to teach its female undergraduates of the past...
Murray's gift is the first donation to qualify for the matching monies from Harvard since the matching gift fund got up and running on Oct. 1. The fund, with $30 million for matching large gifts, was a component of the $150 million Harvard gave Radcliffe in the schools' merger agreement...
Suzanne Murray, in whose honor the chair is named, took part in the merger negotiations with Harvard and was one of the only trustees to attend last April's announcement of Harvard and Radcliffe's intention to merge...
Dunn said the Murray gift indicates strong support for Radcliffe as it sorts out what its goals and initiatives will be post-merger...
...future is upon us. The medical industry took another step forward Monday when Glaxo Wellcome announced a $76 billion acquisition of SmithKline Beecham, creating yet another "world's largest pharmaceuticals company". As drugmakers jockey for position in the pending biomedical revolution, the recent merger frenzy has seen the largest firms consolidating and branching into two distinct arms - core businesses, which maintain funding streams, and research and development, which positions the firms for the next century. The SmithKline acquisition gives Glaxo one of the world's largest troves of biomed brainpower and a combined $25 billion in annual revenues...