Word: raiding
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Dates: during 1980-1989
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...trade's most sordid sagas. It began in 1986 when 50 IRS agents stormed Jordache's New York City headquarters, confiscating 1 million documents and virtually paralyzing the company's operations. Jordache officials suspected that their archenemies at Guess, Inc. were somehow involved. Sure enough, the raid and subsequent grand jury criminal case against Jordache was the result of information supplied by Guess to Ronald Saranow, a top IRS official...
Ford's salvo came as GM was negotiating a joint venture and minority stake in the successful but cash-strapped British carmaker. Now analysts expect that GM may be forced to try to buy the firm outright to prevent Ford from making a hostile raid. Should the battle between the two U.S. giants become heated, analysts predict, Jaguar shares currently valued at $2 billion might fetch as much as $2.9 billion...
...million worth of illicit tusks and rhino horns was fined a mere $2,613 by Botswa officials last year. His cargo was said to be bound for a South African firm with Hong Kong connections. Despite crackdowns, the poachers are undaunted. Just two weeks ago, in a predawn raid on a farm, Namibian officials seized 980 tusks...
Nearly everyone saw an attacker on the horizon. The question was who it would be. For weeks the rumors swirled that someone might launch a takeover raid on American Airlines, the largest and most respected U.S. carrier. In August the board of American's parent company, AMR, bolstered its so-called poison-pill defenses by allowing management greater flexibility to issue new stock in order to make a takeover more expensive. The Fort Worth company also signed up the high-powered Wall Street firms Goldman Sachs and Salomon Brothers to develop a full-defense strategy. AMR even asked...
Some industry watchers think American could turn to hometown partners for help. Rumor had it that certain members of the billionaire Bass family of Fort Worth might take a large friendly stake in the company, as they did to protect the Walt Disney Co. from a raid several years ago. Or Crandall might borrow money to create an Employee Stock Ownership Plan to achieve the same goal...