Word: multimillions
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...takeover artists play the role of sharks in the corporate sea, then risk arbitragers are the pilot fish who follow along and gobble up the stray morsels. What multimillion-dollar morsels these are, though. Arbitrage is the business of making profits from the price discrepancies that often turn up in financial markets. In takeover struggles, acquiring companies offer to pay more than the market price to ensure that stockholders will turn over their shares. When the so-called arbs see corporate raiders on the prowl, they buy blocks of the target firm's stock while the price is still...
...Philadelphia alone. These plaintiffs may be responding to a perceived shift in public opinion against the news media, or to a general litigious impulse in our society, or to the publicity given to strikingly high jury damage awards. In part, the press has itself to blame: the multimillion-dollar awards in recent cases have commanded headlines, but the reversals or drastic reductions in damages typically have rated a paragraph back among the want...
John W. Blodgett '23, retired Michigan lumber company' executive and multimillion-dollar donor of, among other things, Blodgett Pool: "Oh, I don't know. I've always been a Harvard man, and when they needed funds and I've had some. I've given them...
...fees are not expected to change until 1989. In addition, Arianespace has found ways to ease the burden of flying European. Among the firm's 51 shareholders are 13 European banks, which offer favorable financing arrangements for Arianespace customers, an important consideration for a client facing a multimillion-dollar expenditure. Arianespace executives consider such enticements necessary to counter what they claim are "enormous government subsidies" enjoyed by the space shuttle, an advantage that NASA officials deny...
...vital signs are good, especially for a company on the brink not long ago. "I remember taking the books home one night after I became director and my husband telling me it was hopeless," says Sills. There was a multimillion-dollar deficit. The split season (eleven weeks in the fall, ten in the spring) meant redundant start-up costs of $1 million each year. Production expenses were spiraling. "There were days when I could hardly talk myself into coming to the office," she says. "There would be a big meeting on Tuesday morning, and I would be told there...