Word: staked
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Dates: during 1980-1989
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...Chairman Carl Icahn, better known as a raider than a mediator. In November, Icahn became Texaco's largest shareholder by gaining control of 12.3% of its stock. Then he began a round of shuttle diplomacy between Liedtke and Kinnear. Icahn knew that his holdings, plus a 2% stake in Pennzoil, would surge in value if a deal was struck. Sure enough, as word of the settlement leaked last week, Texaco shares rose 8%, to 38 1/2, while Pennzoil stock jumped...
...more than mere hyperbole. Something extraordinary was taking place: four decades of often truculent cold-war rhetoric were giving way to dispassionate discourse and high-level rapport. Neither side was forgetting the vast ideological chasm that separates the superpowers, but they were learning to work around their differences, to stake out common ground on which to build a better understanding...
...confidence in the bankrupt oil giant's chances for recovery. But after the October stock crash, Holmes a Court faced a severe cash squeeze. Sensing a distress sale, another renowned raider, TWA Chairman Carl Icahn, entered the picture last week. TWA bought about half of Holmes a Court's stake in Texaco for $348 million, or just $29 a share. The Australian's loss so far on his ill-timed oil-patch foray: some $100 million...
...With six seniors [on the squad] they'll know what's at stake," Dooley said. Crimson, 9-0 at Bright Hockey Center Cambridge, Mass. Harvard 2-4-3--9 Boston University...
...Under such an arrangement, a corporate raider employs one or more third parties, like an investment bank, to help him secretly amass shares in a takeover target in violation of federal law. Trump admits he used that type of agreement with Bear Stearns during his accumulation of a 9.9% stake in Bally Manufacturing, but denies it was illegal. Should the Government press the case, Trump vows, "we'll fight...