Word: sharings
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Dates: during 1980-1989
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...Please remember that others share thatdevotion and recognize that it is possible for anAmerican to disagree with you on aid to theContras and still love God and still love thiscountry just as much...
Professor of Mathematics Mark W. McConnell, who sings and plays the flute, offered a historical approach to the question. Math and music, he says, share a common history which dates back to ancient Greece. Pythagoras, famous for his theorum on triangles, is also considered to be a pioneer in music theory...
...comers, setting last Friday as the deadline. Two days before the auction closed, one potential bidder, the Manhattan investment firm Forstmann Little, scrapped its planned offer. Forstmann's departure left two contenders: the RJR management group, which had upped its offer to $21 billion ($92 a share), and the investment firm Kohlberg Kravis Roberts, with its bid of $20.6 billion ($90). RJR's board could take as long as several weeks to study all new offers, including revised versions and ^ possibly even a joint bid by KKR and Johnson's group, before recommending one to the company's stockholders...
...decide that the best course of action would be to sell off the company's subsidiaries without going through an LBO. The board might sell Nabisco's food divisions and distribute the proceeds to stockholders. Although this would take longer, RJR Nabisco could be worth more than $100 a share. Few corporations have a more marketable package of assets, which include such consumer brands as Del Monte canned goods, Blue Bonnet margarine, Planters nuts and dozens more...
...strategy of the RJR board seems designed to thwart Johnson's effort, in part because it would give him and his team too large a share of the goodies. While precise details of the Johnson group's stake have not been announced, several insiders have leaked the terms. Under Johnson's proposal, 90% of the company's equity, roughly $18 billion, would be swapped for debt. He and his group would control about 8.5% of the remaining equity, which would be sold to them for just $20 million but would immediately be worth about $200 million. The management group...