Word: posing
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Dates: during 1980-1989
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...greenmail deal, an investor buys up enough of a company's stock to pose either a takeover challenge or the threat of a proxy fight. Worried because they may lose their jobs, the top men too often capitulate and offer to buy back the greenmailer's stock at a premium price in exchange for a promise that the raider will not go after them again, at least in the near future. In cases just this year, Texaco bought back 9.8% of its shares for $1.28 billion from the Bass family, Warner Communications paid Rupert Murdoch $180.6 million...
Still, cacophonous notes of political strife and financial anxiety keep rumbling amid the harmony. Repeated attacks on shipping in the Persian Gulf pose a delicate problem of how to protect Western oil supplies without risking U.S. involvement in the Iran-Iraq war. America's relations with the Soviet Union keep hitting new lows. There are indications that the London summit may not be quite the feast of self-congratulation over economic growth that had been expected. France, Germany and Britain, disturbed by tremors in the American banking system, are voicing renewed criticism of U.S. policies toward budget deficits, interest...
Fellows say the most significant change in Corporation business over the last 15 years, and the one which will continue to pose the toughest long range problem, is the University's increasingly complex finances, complicated by the growing role of the federal government in university education...
Another key target of the SEC recommendations is the practice known as "greenmail." This involves buying up sufficient shares in a company to pose a takeover threat or proxy challenge. In order to head off the move, many companies are willing to buy back the purchased shares at a premium price. Greenmail practitioners include New York Financier Carl Icahn, 48, whose group pocketed $30 million when he sold his stock in Marshall Field to England's B.A.T. Industries, and Publisher Rupert Murdoch, 53, who made $40 million when Warner Communications bought back his shares at 35% more than...
...Jose early in the week, he very nearly won the endorsement of the state's Mexican American Political Association, despite Mondale's solid ties to that group; later he sauntered across the Mexican border to tell Tijuana residents that, in his opinion, illegal aliens in the U.S. pose no special social burden. During the week he trotted out a group called Jews and Arab-Americans for Jackson in Oakland. He also addressed a rally of 500 Japanese Americans in Los Angeles, another of Chinese Americans in San Francisco and a group of homosexuals...