Word: mergers
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...newly formed ruling party of South Korea met to celebrate its merger last week, a referendum of sorts broke out in the streets. About 70,000 protesters, mostly students, took control of downtown Seoul and 16 provincial cities. They battled police, injuring 335 of them, and fire bombed party offices and the U.S. Information Service headquarters in the capital. More than 1,800 rioters were arrested, but only 55 were formally charged...
...have spawned their first backlash movement against the merger mania of the '80s. Advocates of tough new antitakeover laws that are sprouting from Massachusetts to South Dakota claim that the legislation will prevent outsiders from looting local firms and throwing residents out of work. Critics are concerned that the rules will entrench inefficient corporate managers and drive investors elsewhere...
...antitakeover trend got a big boost last week when the U.S. Supreme Court, in clearing the way for California to challenge the merger of two major supermarket chains, ruled unanimously that states can sue to prevent or undo anticompetitive mergers. "The court decision is a blockbuster," says Robert Litan, a senior fellow at the Brookings Institution. "There are 50 loose cannons out there, 50 attorneys general who can now stop a merger...
Faculty members said the merger is the result of a natural convergence by the two programs, which now cover much of the same material in different ways...
...merger was proposed for "convenience for the students as much as anything else," Hanan said. "You can't expect people to know what they are going to specialize in so early in their sophomore year...