Word: offer
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Dates: during 1960-1969
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Shake off those summer doldrums. It's premiere week, and the networks offer a host of new programs for the fall season...
...possibility of a strike arose when the Harvard University Employees Representative Association overwhelmingly rejected the University's initial contract offer last July. The July contract would have been for three years with raises averaging out to 15 cents the first year, 15 cents the second, and 10 cents the third...
Enough Schenley stockholders accepted a tender offer to give Riklis' Glen Alden Corp. 88% control of the big distiller (1967 sales: $518 million). Fat with $323 million in working capital, Schenley was a tempting merger plum. As befits Riklis' guiding philosophy-described as the art of buying companies with their own money-Glen Alden is paying for Schenley mostly with promissory paper. For each H Schenley shares, worth about $85 in the stock market, Schenley stockholders get $13 in cash; they also get a $100 debenture that pays 6% annual interest until its 1988 maturity. Riklis can thus...
Whatever management changes may be ahead, the acquisition apparently ends the career of Schenley's eccentric founder and chairman, Lewis S. Rosenstiel, 76. Before making his tender offer for the balance of Schenley stock, Riklis persuaded Rosenstiel to sell his own 18% controlling interest for $75 million in cash. Riklis also personally bought Rosenstiel's six-story Manhattan town house for $350,000. "Mr. Rosenstiel," said Riklis last week, "has indicated his desire to retire...
...Hayakawa, "that there is an instant, simple solution to all problems. Acid indigestion can be relieved with Alka-Seltzer; unpopularity can be overcome by using Ban; feelings of sexual inadequacy can be banished by buying a new Mustang, which will transform you into an instant Casanova." Even TV documentaries, "offer neat wrap-ups of complex events." Yet, "the world makes all sorts of demands the television set never told you about, such as study, patience, hard work, and a long apprenticeship in a trade or profession, before you may enjoy what the world has to offer." As a result...