Word: mobilizing
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Dates: during 1980-1989
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...left-wing or experimental work. They don't have the same altruistic concern for the arts that public subsidy does. We could subsidize a play which attacks nuclear energy, whereas the British nuclear power companies wouldn't." In the United States, as any public television watcher knows, Mobil and Exxon are "generous" supporters of the arts...
...Ohio-based Marathon, U.S. Steel's offer amounted to a giant Rolaids tablet spelling relief. For the past three weeks, Marathon has been resisting a takeover bid by Mobil Corp., feeling that Mobil was offering far less for Marathon's shares than they were worth. The firm has run full-page newspaper ads in protest and hauled Mobil into court to block the takeover move. Mobil had bid $85 a share for 40 million shares, 67% of the total, and proposed some other trimmings as well, pushing its offer to $5.1 billion. But that was nowhere near...
Marathon's executives were clearly worried that absorption by Mobil would destroy their company's identity, a fear U.S. Steel sought to allay. Said Marathon President Harold D. ("Hoop") Hoopman, 61, after the agreement was announced: "We've been assured by U.S. Steel that Marathon will remain a vigorous competitive force in the oil industry...
...their stock, which had traded as low as $45 in the past year, shot up to $104, helped by a single day's rise of more than $27 after the deal was announced. Few observers, though, were totally convinced that Marathon's fate has been sealed. Mobil could raise its offer and touch off a bidding war, other oil companies might try to get Marathon, or the Government could rule out any merger on antitrust grounds. The Marathon drama may go on for several weeks...
Like Exxon, other oil companies operating in Libya are discontented, particularly with Gaddafi's high prices, royalties and taxes. Mobil, for one, announced late last week that it was considering pulling out. Only Occidental, which negotiated a special price concession from Gaddafi two months ago, says that it firmly intends to stay in Libya...