Word: mergers
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...Though the institute had a library, a research center, and a 40-year-old fellowship program, Radcliffe alumnae were confused by the merger agreement that had made their alma mater into just another unit of Harvard...
...went far beyond any limits of supposed industrial logic and, at times, involved attacks of a distinctly ugly nature. In Luxembourg, where Arcelor is based, Prime Minister Jean-Claude Juncker called for "a reaction that is at least as hostile" as the bid, and parliament considered a new merger law that would block the deal. In Paris, Finance Minister Thierry Breton lambasted Mittal's decision to make an unsolicited bid, accusing him of having "a grammar problem," while President Jacques Chirac searched for ways to stop the takeover. One former French Prime Minister, Michel Rocard, wrote an angry screed entitled...
...other fast-growing economies, and with it so has Mittal's net worth. By 2005, his personal fortune was estimated to be $25 billion - more than twice the size of Luxembourg's annual budget. Before the takeover, Mittal Steel was based in the Netherlands (as a result of the merger, the headquarters is moving to Luxembourg), and quoted on the London Stock Exchange. Mittal lives in London, in a 12-bedroom mansion in Kensington Palace Gardens for which he paid a cool $128 million, and in 2004 he threw a $50 million party for the wedding of his daughter Vanisha...
...those who follow Indian business, and many will stress Mittal's global links. "Mittal is not really Indian. He's floating somewhere above India Inc.," says James Winterbotham, founder of London-based merger consultant India Advisory Partners. But in one sense, he is very Indian indeed, for a host of companies from the subcontinent are now getting into the global game. Even excluding the Mittal-Arcelor deal and the pending bid by Tata Group for Corus, data compiled by Winterbotham's firm shows that Indian companies spent about $6.5 billion on international acquisitions in 2006, almost triple the volume...
...weakness. And integrating the US Airways fleet, which favors European-made Airbus planes, with Delta's all-Boeing operation might be difficult. Also, the combined US Airways--Delta would account for 18% of the market, which competition watchdogs think is too high. But the government, which must approve the merger, gets a vote and presumably could order the merged carrier to sell off routes, and that might mean more opportunity for LCCs...