Word: ringer
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Dates: during 1970-1979
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...Bell Ringer. Even the executives of the world's biggest company figured that they might have some trouble in raising all the funds that their firm needs from its usual source, the bond market. American Telephone & Telegraph Co., therefore, broke with recent tradition in an effort to secure $3.1 billion for the expansion and improvement of its rapidly deteriorating service. Ma Bell offered its giant family of 3,100,000 stockholders a total of $1.57 billion of 30-year debentures, plus warrants entitling them to buy some 31 million A.T. & T. shares. At last week's closing price...