Word: mergers
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Strong words, but Modrow hardly uttered them from a position of strength. With most of Modrow's countrymen in favor of unification and West German Chancellor Helmut Kohl handling the merger as if it were a one-man takeover, Modrow is finding it difficult to get anyone except perhaps his closest relatives to consider him relevant. And with elections taking place Sunday, the Communist Prime Minister of East Germany has less than a week to go in an office that may not even exist by this time next year. Hans Modrow, 62, is the lamest of lame ducks: outgoing leader...
...merger merger was finalized in 1971, when the colleges approved co-educational living within the houses. Still, small vestiges of the pre-merger era remind us of the absurdity of sex-segregated living: legend has it that hooks on the doors of some North House rooms were used by Radcliffe women to prop open their doors when hosting male guests...
...devaluing junk, Drexel's credit rating began sliding, and its banks cut off credit two weeks ago. The parent company, starved for cash, began to siphon money from the investment firm's coffers until Government regulators halted that maneuver. After a frantic search for a bank bailout or a merger partner, directors of Drexel Burnham Lambert Group agreed to put the company into bankruptcy proceedings...
...takeover fevers that racked the '80s have already begun to abate. The total number of U.S. mergers and acquisitions plunged 14% last year, to 3,412 deals, and is now declining at a brisker rate. Only 165 transactions were completed last month, down 56% from January 1989. "The big-fee merger and acquisition game is pretty much over," says Donald Ratajczak, director of the Economic Forecasting Center at Georgia State University. "There are still going to be deals, but nothing like...
What they came up with is a scheme insiders have dubbed "two plus four," which calls first for the governments of the two Germanys to meet, probably just after the March 18 elections in East Germany. They are to make internal arrangements for political and economic merger. When those have been agreed on, the four World War II powers -- the U.S., the Soviet Union, Britain and France -- will join the discussions to resolve the external aspects of unification: the complicated issues of Germany's relationship to existing alliances, what troops may be stationed on German soil, formal recognition and security...