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Smith Barney, another blue-chip investment firm, started its own brouhaha by suing Goodyear Tire and Rubber and Sir James Goldsmith. To stop a takeover bid by Goldsmith last month, Goodyear agreed to buy back the raider's 12.6 million shares of the company for $52.50 apiece, nearly a 22% premium over their market value of $43. Such buyouts at a premium not available to other shareholders are known as greenmail...
Chiarelli's athletic career isn't confined to hockey, however. He played football and baseball at Sir Robert Borden High School and even tried out with the Pittsburgh Pirates in a free agent camp before deciding that playing hockey and going to college in the U.S. was what he really wanted...
...mining and manufacturing company, and the De Beers diamond concern. The divestiture, which followed a gradual reduction of the British bank's holdings in Barclays National to 40.4% by last year, was made in the face of rising worldwide sentiment against apartheid and doing business in South Africa. Said Sir Timothy Bevan, chairman of Barclays: "I'm not a coward, but it's no good being totally brave and unrealistic. World opinion is important. It affects commerce...
...Sir James Goldsmith, 53, the Anglo-French raider, abruptly ended his 2 1/2- week siege of Goodyear Tire & Rubber, the Akron manufacturer, after being grilled before the House Subcommittee on Monopolies and Commercial Law in Washington. "My question is: Who the hell are you?" said Ohio Democrat John Seiberling, whose family founded Goodyear. Goldsmith's sharp retort was that he represented the "rough, tough world of competition . . . a world in which you run a business as a business and not as an institution." But the aggressive tycoon, who owned 11.5% of Goodyear's stock and had offered $4.7 billion...
...Death marks the long awaited return of Commander Adam Dagliesh, a sensitive yet super-sly inspector, who hasn't graced James' novels in the last nine years. Now back in action, Dagliesh's current task is to investigate what appears to be the double suicide of politically prominent Sir Paul Berowne and town tramp Harry Mack, found together in a church vestry with their throats...