Word: shamrock
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Dates: during 1980-1989
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...former Democratic presidential candidate described the legislation at a news conference in Cambridge's Technology Square, outside the headquarters of Polaroid Corp., which recently staved off a $3.1 billion hostile bid from Shamrock Holdings Inc. of Burbank, Calif...
...placing millions of its shares in friendly hands through an employee stock ownership plan, Polaroid made it virtually impossible for Shamrock to reach the 85 percent level...
Earlier yesterday, Gorbachev stopped in Ireland and held a "shamrock and sickle summit" with Prime Minister Charles Haughey, who suggested the next U.S.-Soviet summit be held in Ireland...
...most hotly contested use of an ESOP is at Polaroid, which has put 14% of the company's stock into employees' hands as a maneuver in its bitter six- month battle against a takeover bid by Shamrock Holdings, owned by the Roy Disney family. Because Massachusetts-based Polaroid is incorporated in Delaware, where an anti-takeover law requires that bidders must get 85% ownership of a target company to gain control, the ESOP is leaving Shamrock with almost no room to maneuver. When a Delaware court rejected Shamrock's challenge of the ESOP, Polaroid's workers "jumped up and down...
...earthy. The product is peat, the decayed moss that the Irish have traditionally harvested from the bottom of bogs and burned for heat and in cooking. The Irish Turf Board said last week that sometime this fall it aims to start selling briquettes of the material -- packed in shamrock-adorned cardboard boxes containing twelve lbs. each -- in U.S. supermarkets. Ireland's peat harvesters hope the carton of sod will be a popular souvenir item among the 44 million Americans of Irish descent. John Foley, the Turf Board's marketing manager, envisions Americans burning peat on Christmas and St. Patrick...