Word: outbids
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...Tycoon Robert Sangster, 46, who has parlayed a shrewd interest in horseflesh and an oddsmaker's understanding of the business into a stable of 400 Thoroughbreds, paid $4.25 million for a 15-month-old colt. It was the highest price ever for a race horse at auction. Sangster outbid Sheik Mohammed bin Rashid el Maktoum, Dubai's Defense Minister and the heir apparent to the throne of the principality, who dropped out after offering $4 million. Sangster breezily announced he would have gone higher to get the magnificent dark bay, a son of Nijinsky II, Europe...
...horses and burros loose in the West, perhaps a third more than the land can handle. For that reason, the BLM stages periodic roundups and puts the trapped horses up for public adoption. Dale Crawford, 53, an Oregonian who runs down horses for a living, has outbid-at $58 a head-a passel of others for the right to thin the Piceance herd from 346 horses to 166. Along with his wife Shirley, 52, and brother Gil, Crawford has spent hours in the garage perfecting the labyrinthine steel pen. He has spent another two days airborne over Yellow Creek, scouting...
...this stage start looking for a so-called white knight, a firm willing to offer a higher price or more attractive merger conditions. Marathon's choices for such a savior are limited to a few giant corporations, mostly other oil companies, that have the financial resources to outbid Mobil. So far, however, no public candidates have come forward...
Boston said that it would top the offer of any other major local bank by one percentage point. But all Boston savings institutions were outbid by Merchants Bank of Burlington, Vt., which promised to pay 50% on an annual basis-for one month. Said Merchants Bank President Dudley Davis: "This is one of the few opportunities to guarantee a margin of profit for the bank, attract new customers and provide a profitable return to the investor...
...famous for quixotic attacks on the giants. Two years ago, he began quietly buying up National Airlines stock. When Texas International had acquired 9.2% of the outstanding shares, he offered to buy the airline. National-almost three times bigger than Texas International-was horrified. Pan American World Airways eventually outbid Lorenzo with a $300 million offer, thereby allowing Texas International to sell its National shares for a $47 million pretax profit. Last year Lorenzo went after Trans World Airlines. Over breakfast at New York City's Carlyle Hotel, he told TWA Chairman L. Edwin Smart that he wanted...