Word: mergers
(lookup in dictionary)
(lookup stats)
Dates: all
Sort By: most recent first
(reverse)
...which lost $7.6 million in January alone, asked the CAB for permission to discuss combining a number of its routes with TWA, which lost $21 million in January. The request raises antitrust complications and will have to be cleared by the Justice Department. If approved, the partial merger likely would allow Pan Am to abandon some foreign cities now served by both lines-London, Paris, Rome, Frankfurt and Lisbon-and pool its revenues with TWA on other international routes. TWA professes "interest" in the idea, and Vice President George Burns raises the possibility that TWA planes might fly someday with...
...days a week for the past month at the Radcliffe Quad. Johnson adds, "Playing at the Quad is ridiculous. There are pipes and pot holes all over the place and the ball is always going out into the street. We're supposed to play at Watson fields (since the merger), but they are fixing all the men's fields before they fix ours. At least that's certainly the impression they're giving. It's really annoying...
...acquisition of Hartford Fire Insurance Co. nearly four years ago has long been a financial and political cause célèbre. It was the biggest merger in American corporate history, and has been the subject of furious controversy concerning the circumstances under which the Justice Department settled an antitrust suit that had sought to break up the combination. Last week, after the dispute had finally faded, the Internal Revenue Service suddenly revived it.The IRS had paved the way for the merger in the first place by ruling that the insurance company's owners did not have...
...ruling will not undo the merger. But if it is upheld by the federal courts to which an appeal will almost certainly be taken, it could cost ITT $35 million -one estimate of unpaid taxes owed on the deal. Although those taxes are due from the former shareholders of Hartford, ITT has pledged to reimburse them for any money they have to cough...
...what had changed its mind, but the reversal appears to be due to some facts unearthed by lawsuits filed by former Hartford shareholders, who now oppose the merger. Initial IRS approval was based on ITT's selling to a disinterested third party a block of Hartford stock that the company had bought before the merger agreement. ITT sold them to an Italian organization, Mediobanca, under an agreement approved by the IRS. It has since developed that a then-secret agreement between ITT's investment bank, Lazard Freres and Co., and Mediobanca modified the terms of the contract...