Word: profitted
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Dates: during 1970-1979
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...share; they quickly bought up more than a quarter of the outstanding shares. Then they sat back happily while United and J. Ray McDermott Inc. made escalating rival offers for a controlling interest in Babcock, and eventually wound up selling out to McDermott for $65 a share. Estimated profit for the lucky gamblers: about $30 million in six months...
Merger arbitrage is a different and enormously expensive game: it consists of buying up big chunks of stock in a company that might be subject to takeover, in the hope of selling at a profit to the firm that eventually acquires the target company. The principal practitioners, all based in New York City, number no more than 20. They include such well-known investment houses as Salomon Brothers; Bache Halsey Stuart; Goldman, Sachs; and Lehman Brothers, which make arbitrage purchases for their own accounts, on behalf of wealthy clients, or both. There are also a few individual operators, ike Ivan...
...most of the market and drove down calculator prices. Meanwhile Sinclair had introduced the Black Watch, a digital wristwatch aimed at the British youth market. Demand was high, but the firm that supplied the integrated circuits could not produce them in sufficient numbers. Watch and calculator losses transformed a profit of $530,000 on sales of $13.3 million in fiscal 1975 to a deficit of $640,000 on sales of $10 million...
...rebate represents the net profit after expenses during the fiscal year. Coop sales last year exceeded $28.4 million, Louise Lawrie, Coop assistant general sales manager, said yesterday...
...profit from the dance will go towards a fund for planning future parties, Johnson said, explaining that the University does not permit students to use Union facilities for profit...