Word: raids
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...course, the stockholders, especially large ones, don't do badly either. Harvard, for instance, will not only see an approximately 40 percent return on the $20-40 million it invested in KKR's takeover fund, but being in the interesting position of helping raid a company they own stock in, they will get huge returns from those holdings when the new owners sell off parts. The closing of the takeover deal earlier this month meant that RJR stock was worth $109 per share--quite a bit more than than the $56 per share it was worth on the market before...
...Sicilian countryside, helicopters clattered overhead in the early- morning dark as Italian police swooped in to raid a luxurious villa. In the streets of Palermo, Milan, Naples, up and down Italy last week, hundreds of narcotics investigators fanned out to collar scores of reputed Mafia drug traffickers. And across the Atlantic, U.S. FBI agents rounded up still more suspects in eight cities. A trail that began in Buffalo and Philadelphia three years ago had led the two countries to crack open a powerful transatlantic drug ring accused of flooding the U.S. with Italian heroin smuggled in wine bottles, tomato cans...
...solution: he and his fellow top managers would take complete control of the company in a leveraged buyout (LBO). Johnson would then sell off some of the company's food brands and run the remaining divisions as a private company. Surprised that a chief executive would initiate a raid on his own company, the directors nonetheless allowed him to mount what would be the largest takeover ever...
...Raiders couldn't raid freshman goalieAllain Roy (38 saves). They couldn't even take ashot...
Trutt's arrest raised the possibility that the animal-rights movement, which in the past has confined itself to public appeals, lobbying for anticruelty legislation and an occasional raid on research facilities to free the animals inside, has entered a terroristic phase. But activists were quick to disavow the use of violent tactics. Says Julie Lewin of the Fund for Animals: "Violence toward people does not help animals." Some animal-rights proponents contend that Trutt's aborted bomb attack is so damaging to their cause that it may have been instigated by an agent provocateur. Police say they believe...