Word: move
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Dates: during 1980-1989
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Many companies cherish their place in the urban skyline, but quite a few others want to escape the high rents and downtown hassles. Sears said last week it will move the company's merchandising division, which has 6,000 employees, from the landmark Sears Tower in Chicago's Loop to a planned office complex in suburban Hoffman Estates (pop. 44,761). Dozens of cities and states had been trying to lure Sears, but Illinois and Hoffman Estates prevailed with a package of incentives worth $241 million...
...much as I tried to pretend that the year wassimply a prolonged orientation session that setone apart from the other undergraduates, Mattwould always remind me how important the year wasand how much I should welcome the time to sort mylife out before it was time to move ahead...
...move was calculated to turn up the heat on Time, which had rejected Paramount's initial bid two weeks ago and instead pressed ahead with its planned merger with Warner Communications. To that end, Time and Warner on June 16 converted their original debt-free stock swap into a leveraged takeover bid in which Time would buy Warner for a total of up to $14 billion in cash and securities, a step that, among other things, eliminated the need for the deal to be approved by Time stockholders...
Some experts viewed the Paramount tactic as a move to buttress its position in Delaware chancery court, where Paramount contends that Time is in effect interfering with its shareholders' desire to tender their stock. "This will add a notch to Paramount's legal argument, but it will only put pressure on Time if 70% to 90% of its shareholders tender their stock to Paramount," said Jeffrey Greenblatt, a partner in Cambridge Capital Holdings. "Time does not have to take any new defensive steps," he added, "because there is no threat that Paramount will be able to acquire Time's stock...
...Norbert A. Nadel noted, though hoping to be both. He promised a decision ^ on Sunday. Rose's hearing before Giamatti was scheduled for Monday. Nadel did not have to say the stakes were even higher than the legacy of a legend, knowing that Rose's lawyers were hoping to "move this lawsuit into previously uncharted waters" and challenge the very foundation of the game...