Word: outbids
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...medical aesthetics firm with a promising product pipeline that included potential Restylane competitor Juvéderm and the U.S. rights to distribute Dysport (a Botox-like muscle relaxant that will be marketed here as Reloxin). Weeks before the deal was to close, Allergan, based in Irvine, Calif., swooped in and outbid Medicis by $200 million and also had to fork over $90 million to Medicis as a termination fee. "At first it was a somewhat defensive move," admits Allergan CEO Pyott. "But then I had a 'wow' moment. It was like playing poker when you know you have a winning hand...
...processors drive Letterman's computer network, the entertainment industry's largest. As a result, one digital artist can churn out visuals that used to require six or more to complete. "Now that our capacity has expanded quite a bit," says Lucas, "I think we can sort of outbid everybody." --By Laura Locke/San Francisco
People's riskiest, and most impulsive, move came when it outbid Texas Air and signed the agreement to acquire Frontier Airlines for $305 million. Burr says he made the decision to buy the Denver-based carrier without consulting other People executives when the deal was suggested to him by Jack Maatee, a lawyer for Frontier, during a tennis outing at the home of a New York investment banker. "I was convinced," says Burr, "that it was the brilliant thing...
Unlike major league baseball, the N.F.L. has kept its teams financially sound by adopting a share-the-wealth strategy. The teams split all the league's gate receipts and television income. That discourages clubs from trying to outbid one another for players because any added revenues that a new star generated would have to be shared. "The N.F.L. is the nation's healthiest sporting enterprise," brags Commissioner Pete Rozelle. Its profits amounted to $77 million last year...
...first week of school, I decided I would march into the new bank and give them a piece of my mind. Or something. I really just wanted to know how they ended up there. Was the move really necessary? What cool would-be venues had they outbid to land this coveted bit of real estate...