Word: robertses
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Dates: during 1990-1999
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Harper proved to be a smart shopper. After buying Banquet Foods for the bargain price of $50 million in 1980, Harper revived the frozen-dinner company by adding 90 new selections. In the Beatrice deal, Harper reportedly picked up the company for less than half the price initially sought by...
President Samuel Doe claims that he has put down more than 30 coup attempts since he seized power, as Master Sergeant Doe, in an army uprising ten years ago. But the dictator's string of victories seems to have run out. A force of some 5,000 rebels last week...
PHOTOGRAPHY: Mary Dunn (Deputy Picture Editor); Richard L. Boeth, MaryAnne Golon, Rose Keyser, Julia Richer (Assistant Editors); Kevin J. McVea (Traffic); Renee Mancini (Syndication); Arnold H. Drapkin (Consulting Picture Editor) Researchers: Dorothy Affa Ames, Martha Bardach, Sarah Buffum, Stanley Kayne, Paula Hornak Kellner, Gary Roberts, Nancy Smith-Alam, Melanie Stephens...
But at the last minute Roberts was shut out by a federal bankruptcy judge in Columbia, S.C. The judge instead approved a surprise bid of $7 million from another faith-healing charismatic, San Diego-based Morris Cerullo. The purchase brings new U.S. visibility to Cerullo, 58, who is far better...
Cerullo won out because the new bankruptcy trustee, Dennis Shedd, preferred to unload all the PTL remains as a unit. Roberts wanted only the TV network, while Cerullo was willing to offer a total of $52 million for all of Bakker's former empire. There were five other eleventh-hour...