Word: spoilers
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...reflected a "campaign of deception and manipulation" to derail the Time-Warner merger. The suit alleged that Paramount feared the competitive impact of a Time-Warner combination and was intent on keeping such a merger from taking place. Said Nicholas: "I'm convinced that Paramount's was a spoiler...
Investment bankers, who stand to make hundreds of millions of dollars in advisory and underwriting fees no matter who comes out on top, had been hunting for months for a firm to derail the Time-Warner deal. Morgan Stanley gave its search for a spoiler the code name Project Clock. Merrill Lynch, another Davis adviser, assigned the name Space to its project. Citibank, for its part, stands to make $350 million in fees for putting together Paramount's war chest. At the same time, the bank manages 1.5 million shares of Time stock for its clients, on which they stand...
...Peres to make King Hussein the surrogate peacemaker for the Palestinians, withered away last July when the King gave up all responsibility for the occupied West Bank. Washington's stubborn holdout in the face of Arafat's peace offensive had bound Uncle Sam in the unaccustomed straitjacket of the spoiler. Shultz's announcement not only ended months of intense criticism from West European and Arab friends but also restored U.S. credibility and influence as an honest broker in the Middle East conflict...
...appearing to meet the terms of his adversaries, Arafat is maneuvering Israel, instead of the P.L.O., into the spoiler's role. Yet a crucial remaining obstacle is Arafat's old habit of surrounding every statement with as much vagueness as he can get away with. To fend off criticism or even assassination by P.L.O. hard-liners who reject any moderation, Arafat insists, he must withhold concrete concessions until he sits at a negotiating table. Accordingly, the Stockholm statement accepted the fact of Israel's existence but did not acknowledge Israel's moral "right" to statehood. Arafat also seemed to hedge...
This Browns-Broncos battle did not have the importance of an AFC Championship game. But it did give the Browns a chance to pay back the spoiler of their dreams...