Word: offerred
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Dates: during 1980-1989
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...Shamir finds the price too steep, he might possibly offer Labor a junior partnership in a rejiggered grand coalition. Many Labor leaders want no part of such a deal, but neither are they willing to seek a lesser coalition with the small parties. Declared Energy Minister Moshe Shahal: "It would be better to spend some time in opposition than yield to ultra-religious and ultra- nationalist demands." For Shimon Peres, either choice would be humiliating. After three campaigns in which he failed to deliver a Labor victory, pressure is growing on him to step aside as party leader...
...fire rattled through corporate boardrooms last week as acquirers battled for control of companies that make everything from bath towels (West Point Pepperell) to cake mixes (Pillsbury). Costliest of all was the struggle for RJR Nabisco (1987 revenues: $16 billion), whose price tag set a record with each new offer. Top RJR Nabisco executives, backed by Wall Street's Shearson Lehman Hutton and Salomon Brothers, raised their bid from $17.6 billion to $21 billion, topping the rival offer of $20.6 billion from Kohlberg Kravis Roberts, the high-flying leveraged-buyout firm. Now the two sides may be getting new competition...
...chunks of Kraft to finance the buyout. Said he: "For the vast majority of Kraft workers, this won't have any impact at all." The Philip Morris coup was an unusually smooth resolution. Another KKR fight fizzled last week when the Macmillan publishing firm accepted a $2.5 billion offer from British financier and press lord Robert Maxwell. In Georgia, Joseph Lanier, chairman of West Point Pepperell, which makes Arrow shirts and Martex towels, was determined to beat back a bid for his company from Chicago investor William Farley, whose company makes Fruit of the Loom underwear. Said Lanier: "We intend...
That question was debated in Washington last summer, when the Reagan Administration learned that U.S. Attorney Rudolph Giuliani was seeking to indict the Marcoses. State Department legal adviser Abraham Sofaer argued that prosecuting the Marcoses would make it more difficult to offer protective deals to other foreign leaders who have been helpful to the U.S. Earlier this year, the Reagan Administration offered to drop two federal drug indictments brought against Manuel Noriega in Florida if he would leave Panama. Now, says a Noriega confidant, the drug-running general "is telling everybody that this shows he was smart...
Retailing experts trace the company's decline to the construction of the hulking tower. The building was designed to serve as headquarters for an expanding conglomerate of "everything stores." These were intended to offer everything from financial services to apparel (a strategy dubbed "socks 'n' stocks"). By the year 2000, the tower was to be occupied solely by Sears' own corporate branches, in contrast to about 60% of the building's 13,000-worker occupancy now. The view from the 110th floor may have been fine, but the vision was blurred. "The tower might have been one of Sears' greatest...