Word: offerred
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Dates: during 1980-1989
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...which was 35% more than Time's stock price before the offer, exploited the dissatisfactions of many on Wall Street who had long cherished the notion that Time was worth more in pieces than whole. Since the merger agreement was reached on March 3, some investors had complained that the terms provided Time shareholders with no immediate financial reward. Reason: the agreement called for a debt-free swap of 0.465 shares of Time stock for each Warner share...
...three-page "Dear Mr. Davis" letter, Munro chastised the Paramount chairman for breaking his spoken agreement to leave Time alone: "On a personal level, I'm disappointed that I can't rely on you as a man of your word. Live and learn." Munro said the Paramount offer consisted of "smoke and mirrors," since it was subject to several conditions that included Paramount's ability to obtain financing and regulatory approval, a process almost certain to take longer than the Time-Warner proposition had. Such conditions, Munro argued, could not be met by the July 5 deadline that Paramount...
...company far more flexibility than a Time-Paramount consolidation might have. "The Time-Warner combination left everybody's powder dry to be able to go out and make acquisitions," says Larry Gerbrandt, a vice president of Paul Kagan Associates, a California-based communications-industry analyst. "But in a tender offer like Paramount's, you have to load up with a tremendous amount of debt that limits your options. The strategy can work, but it's much riskier...
...gold card, primarily bought you prestige, the cost of which to Amex is nil. And the baggage insurance -- well, it would be hard to make a case that this is the kind of insurance protection that privileged Americans should not leave home without, but the offer, as always, was compelling. These guys really know how to write a letter...
...fact is it's hard to open mail from American Express Travel Related Services division with anything but keen interest, if only to try to figure out what's travel related about some of its offerings: a grandfather clock, a 40-in. TV or the offer in my mail today: a tax-deferred annuity...