Word: sharing
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Dates: during 1960-1969
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...string of casinos, a flying service and more than 30,000 acres of land on which he envisions building a supersonic jet airport to serve the entire West Coast. Last week Hughes turned his attention eastward. Through his Hughes Tool Co., he offered to buy 2,000,000 shares of American Broadcasting Companies, Inc. or a 39% share of ABC stock that would cost him a cool...
...basis of last week's offer, Howard Hughes did not look like a savior in Goldenson's eyes. According to the tender put together by Loeb, Rhoades (which should collect at least $500,000 in fees if the proposition goes through), Hughes would buy ABC shares at $74.25 apiece. That would be about $15 above the market price when the offer was first made, although the Hughes magic started ABC share values spinning last week, and the stock closed the week at 68 1/4, up ten points. A major objection from the network's viewpoint is that...
Profitable Options. Stockholders can opt to trade a share of Container Corp., worth $38 at week's end, for a $45 share of convertible preferred stock in the yet-to-be-named holding company. Or 49% of them can have a $55 debenture paying 61% interest for 20 years-a security that analysts figure could be sold immediately for a tidy profit. Wards' stockholders can swap only one share of Wards for one of holding-company common stock, but they have a strong incentive to do so. Container Corp.'s profits of $32.9 million last year were...
...five years as president have been clouded by Ford's losing battle to hold on to its share of the domestic auto market. Annual sales have slipped from 31% of U.S.-made cars in 1961 to about 28% (down to 25.3% for last month). But Miller is not leaving in anger. He admits that he is taking a sizable cut from the $175,000 he earned last year. He intends to stay on Ford's board of directors and keep his 55,783 Ford shares, valued...
...suggest an individual and serious attitude about love and love-making; also that the third-act curtain (which I won't ruin by describing) and the corresponding images at the end of Act Five are bittersweet and moving contrasts in which magical and real interchange, each left with its share of advantage over the other, each doomed to a certain sadness according to the inevitable dictates of its life-style...