Word: sales
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Dates: during 1980-1989
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...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 enrichment of shareholders vs. longer-term growth and value. Declared the New York...
...reaching an almost unequivocal decision in the complex case, Allen dismissed a key Paramount claim, that Time's directors had put the company up for sale in March when they originally agreed to acquire Warner. If that had been found to be true, Time would have been obligated under Delaware law to seek the maximum immediate return to shareholders by auctioning the company to the highest bidder. Paramount's argument that Time's directors were selling the company to Warner rested partly on the fact that the exchange ratio of the proposed stock swap would have given Warner stockholders...
...because of its human potential, these ethicists say, the frozen embryo should not be treated as mere tissue. Thus they see the donation of an embryo by one couple to another as analogous to adoption, but they argue that the marketing of zygotes is as repugnant as the sale of children...
...magazine ads to call a "friendly southern Wisconsin voice." Lands' End operators, many of whom are housewives or students from the surrounding farm country, are famous for their willingness to chat, even about the weather. "We're trying to build a relationship with a customer, not consummate a sale," says President Richard Anderson...
...struggles under a large foreign debt. But with an economic exuberance that matches Poland's political exhilaration, Budapest is making progress toward recovery. Western visitors who evince any interest in investing in Hungary are likely to find officials knocking at their hotel doors with lists of state enterprises for sale. Hungary now permits its citizens to start large-scale private businesses and hire up to 500 workers. A fledgling stock market has 147 listings. Within three years, half of Hungary's economy is expected to be in private hands. Consumer goods are expensive, but, unlike in Poland, they are plentiful...