Word: staked
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Dates: during 1980-1989
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...returns gave Jackson an awesome 54% of the total caucus vote, compared with Dukakis' 29%, while Richard Gephardt (13%), Paul Simon (2%) and Albert Gore (2%) trailed badly. Although the precise delegate breakdown remained murky at week's end, Jackson may have won half the 138 convention seats at stake. These figures were a further blow to Dukakis, whose run-everywhere strategy was in jeopardy after successive setbacks in Illinois and Michigan...
Only a few months ago, the British government turned to Kuwait as a savior. Under Prime Minister Margaret Thatcher's grand privatization plan, the government had been ready last October to sell its 32% stake in British Petroleum to the public. Then stock markets around the world crashed. Since the BP shares had been priced far above their postcollapse market value, it seemed certain that few investors would buy them. Enter the Kuwait Investment Office, the London-based agency of Kuwait's Finance Ministry that handles the bulk of the Arab country's overseas holdings. Beginning in early November...
These days, though, 10 Downing Street must be wondering if the Kuwait Investment Office is friend or foe. Reason: the Kuwaitis are still buying BP shares -- with an enthusiasm that has raised suspicions in Britain. Kuwait has spent some $1.9 billion, bringing its stake in British Petroleum up to 22%, to become BP's largest shareholder. The Kuwaitis insist that they will not seek a seat on BP's board. They initially promised not to raise their stake above 22.5%, but Fauad Jaffar, deputy chairman of KIO, seemed to waffle on that pledge during a recent television interview. Said...
...that a veiled takeover threat? Probably not, since the Kuwaitis know that the British government could thwart any foreign bid for control of BP by simply ruling that such a sale would be against the public interest. BP executives are nonetheless distressed at the size of Kuwait's stake in the company: not only could the Kuwaitis easily change their minds about seeking a role in management but they could also sell their stock to any corporate raider interested...
...past, the Kuwaitis have acted as passive investors, shunning public attention. That could change in the case of British Petroleum. Whatever the Kuwaitis do with their stake in Britain's oil company, they will attract the closest kind of scrutiny...