Word: mesa
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Dates: during 1980-1989
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...member Middle Eastern Studies Association of North America (MESA), at its annual convention in November, voted overwhelmingly to "deplore" Safran for violating its 1982 resolution calling on academics and institutions to reveal funding sources in advance...
Pickens, chief of Mesa Petroleum Inc., is known for his frequent attempts to seize a controlling interest in a company and then to sell-out at a profit once his threat becomes apparent. Such tactics are known as "greenmail...
Over the past three years, Mesa Petroleum Chief T. Boone Pickens has become America's best-known corporate raider, earning more than $800 million for Mesa and its partners and striking cold fear into the hearts of U.S. oil companies. Knowing a good yarn in the making, at least seven major publishers have been competing for the rights to his autobiography. The winner: Houghton Mifflin, which will pay Pickens $1.5 million for his story. "We'll have some details that haven't been told before," said Pickens last week...
Under the banner of Mesa Petroleum, T. Boone Pickens has launched one corporate raid after another and in the process reshaped the American oil industry. He used Mesa as a vehicle to buy huge chunks of such companies as Cities Service, Gulf and Phillips, then sold the stock to other bidders at premium prices. Last week Pickens moved to end the Mesa saga. In December, shareholders will be asked to convert the company from a public corporation into a limited partnership. After that move, Mesa is not expected to make any further takeover attempts...
...more cash flow than investment opportunities. We want to give the money back to shareholders, and this is the best way to do it." Energy analysts agreed. Said Alan Edgar of the Dallas investment firm of Schneider, Bernet and Hickman: "They'd run out of targets." While Mesa will be out of the raiding business, Pickens may not be. His 9% share of Mesa could be worth $130 million to $150 million when the company is transferred to a limited partnership. That should be ammunition aplenty for a little Pickens foraging...