Word: rebuffs
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...setting was an unlikely place to announce the largest corporate takeover in Britain. Employees of Consolidated Gold Fields, the world's second largest gold producer, had gathered last week at the London Zoo for a dinner party to celebrate the company's rebuff in May of a hostile takeover bid by South African-controlled Minorco. Not until the meal was over did ConsGold Chairman Rudolph Agnew inform his troops that the company's board had accepted a $5.5 billion takeover bid from Hanson PLC, the $12.5 billion British group whose holdings include Jacuzzi and Farberware...
...rebuff last week was the latest in a series of dogfights between the company and its suitors. The maneuvering began on March 28, when NWA announced that another investment group had amassed a 4.9% stake in the company and might make a takeover bid. NWA promptly rejected the overture. While the unidentified group has not been heard from since, word of its interest apparently helped draw Davis into the contest. His bid pushed NWA's stock price from 68 1/4 in late March to 88 3/4 at the end of last week...
...intransigence nearly matches Shamir's. In his first formal session with the P.L.O. last week, a four-hour meeting in Carthage, U.S. Ambassador to Tunisia Robert Pelletreau failed to persuade Arafat's representatives to order a halt to the rock throwing and other violence of the intifadeh. The rebuff, together with continued raids from Lebanese territory, showed that progress toward a settlement is more than a matter of moving Shamir's government...
...stunning rebuff to Johnson, the board awarded the food-and-tobacco giant to Kohlberg Kravis Roberts, the leveraged-buyout specialists. Underdog KKR won even though the firm's final bid of about $25 billion in cash and securities, or $109 a share, was a bit less than the $25.4 billion, or $112 a share, that Johnson and his handful of top RJR managers had offered as their last stab. (The largest previous deal was Chevron's $13.3 billion takeover of Gulf in 1984.) "It was destined to happen this way," said a source close to the bidding. "The board could...
...station and on the streets. One of his superior officers has called him a "stupid nigger" in front of fellow officers. On one occasion the officer asked someone he was arresting, "Do you want this nigger to see you crying?" Sometimes citizens who call for help will rebuff Scott and ask for a white officer -- a request the department denies...