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...impact on the opposing sides, the case tested a crucial aspect of the takeover binge that has raged through U.S. industry during the 1980s. By originally bidding $175 a share for Time and then raising the price to $200, Paramount contended that it was offering Time shareholders a rich reward for selling their stock. But Time insisted it was not for sale and that it could eventually boost the value of its shares well above $200 after acquiring Warner. The battle pitted against each other two contradictory interests that have been at war throughout the takeover era: the short-term...

Author: /time Magazine | Title: One for The Books | 7/24/1989 | See Source »

...game with the dog depends on the stupidity of the animal and also its desire for the reward. In The Perfect Place, the reader is too smart to waste the time, and the reward--the final story--is so unworthy that it is unlikely many readers will continue to play the game for long...

Author: By Lisa A. Taggart, | Title: Redefining the Term 'Let Down' | 7/18/1989 | See Source »

...tree early this year, committing a "malicious act against an innocent creature," said city forester John Giedraitis. When the tree shed beads of sap, he said, "it's weeping. This tree is under a tremendous amount of stress." Velpar maker Du Pont has put up a $10,000 reward for the capture of the tree's poisoner. Says a poster at the tree: HANG HIM FROM THE HIGHEST LIMB...

Author: /time Magazine | Title: Texas: Please Don't Die, Tree | 7/10/1989 | See Source »

...testimony last week gave a much needed boost to the prosecution. Since the trial got under way three weeks ago, four key witnesses have recanted their pretrial testimony. Two of them admitted they had initially been swayed by hopes of sharing in the $7.5 million reward offered by the government. The court has been sharply criticized for agreeing to preconditions set by Lisbet Palme for her testimony, including a ban on tape recorders and television cameras. The prosecutors, whose case against Pettersson is built on circumstantial evidence, have yet to come up with a murder weapon or a motive...

Author: /time Magazine | Title: Sweden: Palme for the Prosecution | 7/3/1989 | See Source »

...latest agreement replaced a March merger proposal that called for Time to acquire Warner in a swap of 0.465 shares of Time stock for each Warner share. But some on Wall Street had complained that the deal gave Time shareholders no immediate financial reward. "The marketplace has told us we can do better," said Time's Nicholas, 49. "We're still acquiring Warner, but now we're using cash." Nicholas acknowledged that the combined company's earnings would suffer in the short run, but he argued that the company's value will be evident to anyone who examines its assets...

Author: /time Magazine | Title: Return To Sender | 6/26/1989 | See Source »

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