Word: profit
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Dates: during 1980-1989
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Under Allied's takeover offer of $1.9 billion, some Bendix shareholders will emerge rich. Anyone who bought Bendix stock near its 1982 low of $45 per share could already have netted a windfall profit by selling out early to Martin Marietta at $75 per share. Before trading was halted last week, Bendix stock had fallen back to $57.50. Other shareholders, however, who wait to sell their stock to Allied, will be paid not in cash but in a combination of Allied stock and other securities, amounting to $85 per share. If the value of Allied stock now falls...
...organized a new Public Service Program, which would help meet community needs through a series of House-based groups. They promised that the program would operate in cooperation with the existing student-run community outreach organization, Phillips Brooks House (PBH), while broadening undergraduates' options for doing off-campus non-profit work...
...terrific that the large institutions have become optimistic enough to stimulate an economic rally. Unfortunately, the average American must wait for the big investors to act. They have the power to choose the right time to make their profit...
...desks. They charged them with trying to sell secrets about IBM's new personal computer and fired them on the spot. Later that day the firm sued the three in a New York State court in an effort to block them from using confidential IBM information for personal profit...
...found that it was largely unknown. Nalen launched a feverish promotion campaign to tell audiences that OPIC encourages American companies to make investments in developing countries by offering insurance against war, revolution, expropriation and the inability to convert local currencies back into dollars. OPIC made a record $76.2 million profit in 1981, while issuing $1.5 billion of insurance. It will come close to doubling that level of coverage this year...