Word: payments
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Dates: during 1970-1979
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...million short-term debt and renew all of its subsidiaries' lines of bank credit. To accomplish that, he had to assure LTV's bankers that Ling was no longer in control of the company. Last week the company made an $11 million interest payment on its 5% debentures. Part of the money was cash on hand, but part was generated by reclassifying a block of stock of LTV Aerospace, a subsidiary, into a dividend-paying issue and then declaring a dividend to the parent company...
...year-old former nursing student was a severely depressed bond market that enabled her lawyers to arrange the purchase of the necessary paper for less than half its face value, and a little-known statute providing that municipal bonds must be accepted at their face value in payment of bail. The issues-all of them bearer bonds and thus freely negotiable -were a ragtag assortment of New York State Housing Authority and Dormitory Authority bonds. The man who engineered the transaction, New York Attorney Victor Rabinowitz, said he intends to use the method to free some of the remaining...
Membership requires filing an application and payment of $50 for the first six months. Thereafter, renewals cost $50 per year. In return, Free Weeders will be entitled to $1,500 worth of legal defense when busted for possession of marijuana and $5,000 in legal expenses if they are apprehended selling it. So far, Sudds has received several hundred requests for membership applications...
...force does not actually need 125 U.S.-built planes at this time, and indeed the Israeli government would be hard pressed to make the $220 million payment. But there is a nagging worry that sentiment might shift against Israel in the U.S., as has happened in many parts of the world; in that event the country would be left without a supplier. Thus Israel wants the planes now, while it can still get them. At the same time, the sale, which has the support of sizable groups in both the House and Senate, is regarded in Israel as a kind...
...nervous about climbing aboard. Moreover, if the guy running the company has built it up, it's a good bet he is its main strength, and to get rid of him would be a big mistake." USI offers a generous price but only puts part of the payment down. The rest is paid in five years-if the new member is growing by 15% annually and returning a gross profit of 20% on assets. If the acquired company does not meet that goal, USI is under no obligation to pay the rest of the purchase price. That...