Word: processors
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...Anaconda, the copper-mining giant. Right now, Gulf Oil has offered $440 million for Kewanee Industries, an independent oil and gas producer; PepsiCo has bid $315 million in stock for Pizza Hut, a chain of franchised fast-food stores; and Anderson, Clayton & Co., a major food processor, initially offered $323 million, before later reducing its bid, to buy control of Gerber Products, maker of two-thirds of the nation's baby food...
Traditionally, of course, the maker of a tender offer raises the price if his first attempt is balked. But two weeks ago, Anderson, Clayton & Co., a big food processor, became the first to try the opposite tack: it lowered its offer for Gerber Products Co., the baby-food maker, to $37 a share from an initial $40. The aim apparently was to prompt shareholders of the target company to bring pressure on management to accept the original offer. Two lawsuits have already been filed on behalf of Gerber stockholders, seeking damages from Gerber management for resisting...
Just Nonunion. The strike, which has been dubbed "the Grunwick siege" by pro-Tory London papers, began as a relatively simple labor problem. Last August Mrs. Jayaben Desai, a tiny Indian immigrant from Tanzania, walked off her job as a film processor in protest against the low wages ($42.50 a week), poor working conditions and compulsory overtime imposed on the predominantly Asian work force by Grunwick's Anglo-Indian managing director George Ward. With six other employees, Mrs. Desai joined the Association of Professional, Executive, Clerical and Computer Staff (APEX), a moderate, nonmilitant, white-collar trade union...
...Goldsmith founded Caven-ham Ltd. which, through canny acquisitions, has become Europe's third largest (after Unilever and Nestlé) food processor. Extending his empire, he then purchased Grand Union, the U.S. supermarket chain. Two years ago, he became chairman of Slater, Walker Securities Ltd. when his friend Jim Slater, because of some freewheeling deals in the Far East, was forced to resign-driving one of the hottest investment companies of the 1960s to near collapse...
When Bea, married to a printer and the mother of two, returned to work as a data processor, she was offered $2 an hour-a beginner's wage. That was what she had been making four years before. For non-college-educated women, Bea's predicament is not uncommon. According to Louise Kapp Howe, the odds are overwhelming that what such women do is vastly undervalued. To assemble her disquieting portrait of the work life of the average woman, Howe interviewed scores of women, met with unions and management and even took a job as a sales clerk...