Word: partners
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Dates: during 1980-1989
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...Time carried out its tender offer to pay $70 a share for 100 million of the more than 180 million Warner shares outstanding. Along with 17 million Warner shares that Time acquired in a stock swap in June, the tender gave Time a 58% controlling interest in its merger partner. As a result of the deal, Time changed its name to Time Warner; the company will buy the remaining Warner shares for a combination of cash and securities under terms that the parties must determine within three months. The purchase price will include a total of $677 million in payments...
...Squibb and Bristol-Myers a consolidation seemed a natural. It would weld Squibb's skill at research and development with its partner's worldwide sales force. "There is pressure on health-care costs throughout the world. U.S. companies are merging to obtain efficiencies of scale," says David Lippman, who follows the industry for Drexel Burnham Lambert...
Many members of the class of '68 were figuring how to avoid Viet Nam. His fraternity brother and later business partner, Roland Betts, says that George faced a special pressure: "He felt that in order not to derail his father's political career he had to be in military service of some kind." A 53-week program in the Texas Air National Guard qualified him in F-102 interceptors. Lieut. Bush signed up for a program that rotated Guard pilots to Viet Nam, but he wasn't called. Instead he held short-term jobs, including a stint at Pull...
...have to guess about his destination after the election. With Midland suffering hard times, his connection with Harken offered a Dallas base from which to look for a new business and think about politics. But around Thanksgiving he learned from a former partner that a group attempting to buy the Rangers probably would fail to get American League approval. Always fascinated by baseball, Bush hesitated not a moment. Well before opening day in April, he had assembled a syndicate of investors far wealthier than...
...Florida real estate developer Melvin Sembler, 59, has been nominated as envoy to Australia, and his sometime partner Joseph Zappala, 56, is proposed for Spain. Both are members of Team 100, a roster of G.O.P. contributors who gave more than $100,000 to party causes in the past year. On his qualifications form, under the heading "Languages Spoken," Sembler listed "English (fluent...