Word: multimillions
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DIED. Anton (Tony) Hulman Jr., 76, sportsman who transformed the dying Indianapolis Motor Speedway into a multimillion-dollar attraction; of a ruptured artery; in Indianapolis. In 1945 Hulman bought the speedway-which had been closed during the war years-from Eddie Rickenbacker for $750,000. He revived the "500" and refashioned a folk festival where thousands gathered every year and heard him say, "Gentlemen, start your engines...
...Multimillion gains-and losses-in arbitrage
...born to a Mississippi sharecropper and started his career with a $12.95 guitar. Now the value of Elvis Presley's multimillion-dollar empire cannot even be calculated (much of it is in future royalties). According to the terms of his will filed in a Tennessee court last week, Elvis' father, Vernon Presley, 62, is instructed to divide the estate among family members as he sees fit. The only kin mentioned were Elvis' daughter, Lisa Marie, 9, and his grandmother, Minnie Mae Presley, 85. The document, signed last March, makes no bequest to the singer...
...corporate activity that the stock market's sag has not discouraged is the big takeover. Quite the contrary: partly because share prices are low, the number of multimillion-dollar mergers is rising. W.T. Grimm, a Chicago firm of merger consultants, counts a somewhat lower total number of mergers and acquisitions so far in 1977 than a year ago, but in the first six months of this year it found 20 cases in which a company proposed to pay $100 million or more for control of another firm, as compared with twelve bids of that size in the same...
Divorced. Christina Onassis, 26, daughter of Aristotle Onassis and principal heir to his multimillion-dollar shipping fortune; and her second husband, Alexander Andreadis, 32, heir apparent to his father's banking and industrial empire; after two years of marriage; in Athens...