Word: offerred
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Dates: during 1980-1989
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...points for the week but at the general level where analysts expect it to settle, at least briefly, if the Time-Warner deal goes through. Warner stock closed at 64 1/2, up 2 3/4, on the increased likelihood that Time would be able to carry out its tender offer. Paramount, which has been rumored to be a possible takeover target itself, closed...
...another major point, Allen rejected Paramount's claim that Time acted improperly in revamping its Warner deal after the Paramount offer was made. The precedent in judging such tactics is a 1985 Delaware case involving an effort by the California oil company Unocal to escape a raid by takeover artist T. Boone Pickens. In that case, the court decided that companies may take defensive moves only if they are "reasonable," as Unocal's were deemed to be. Paramount argued that Time's decision to launch the tender offer for Warner was excessive in proportion to the takeover threat and thus...
B.A.T immediately slapped down last week's bid. Chairman Patrick Sheehy described the offer as "no more than an ill-conceived attempt at destructive financial engineering," designed to give the raiders a quick payout by stripping the company's assets. London investors questioned the feasibility of Goldsmith's financing, while corporate chieftains feared he might set off a rash of leveraged takeover raids...
...conglomerate-buster who served as the model for the swashbuckling Sir Larry Wildman in the 1987 film Wall Street, the 6-ft. 4-in. Goldsmith may have made his point all too well. Now that he has put B.A.T on the block, other raiders may try to top his offer. Or B.A.T may attempt to boost its stock price beyond his reach by launching a restructuring in which some of the company's juicy parts would be sold off. At week's end B.A.T shares closed at 14.21, indicating that investors expect an even sweeter offer to come...
...surprise, Jones refused, arguing that the consent agreement signed by the Yorks gave them no rights to the embryo outside his institute's jurisdiction. In effect, Jones contended, the Yorks have only four choices: they could have their embryo implanted at the institute, donate it to another couple, offer it for experimentation or destroy...