Word: stakes
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Dates: during 1990-1999
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TIME business reporter Tom Curry says analysts and portfolio managers are divided on whether Kerkorian's bid is credible. One portfolio manager whose funds own a large Chrysler stake told Curry that he believes Kerkorian's bid is for real: "I think he's trying to steal the company, which is what really successful investors...
When Paul and Vanessa returned the money to Tommy's, their action wasn't appreciated. They weren't even thanked, let alone offered a free pizza. Perhaps the employees had no personal stake in the matter, or perhaps they even thought less of the two for passing up such an opportunity. This type of sentiment is all too common. But for what it's worth, I appreciate what these two students did. Hell, I'd buy them that pizza...
...that Seagram is declining to comment on the reported sale. Seagram, the Canadian liquor, wine and juice company controlled by one of the world's richest families (the Bronfmans), is said to be financing a purchase of MCA with $8.8 billion it earned by selling its 25 percent stake in chemical conglomerate Du Pont. Oppenheimer analyst Roy Burry tells TIME that the tentative deal, as reported, is a poor one because the MCA purchase price is too high and Seagram got 16 percent below market value for the Du Pont shares...
There are big bucks at stake. At last count, WIC (Women, Infants, Children) participants were buying $285 million worth of dry cereal a year. Cheerios is WIC's No. 1 cereal, and in 1985 it was reformulated with more iron, specifically so that it could qualify for the program. So General Mills Inc., Cheerios' manufacturer, is preparing for a fight in Congress to save its sales. Says Craig Shulstad, of General Mills: "If the program is turned over to the states, the nutritional criteria could be abolished or watered down, and the integrity of the program could be lost...
Seagramreportedly wants to sell its 25 percent stake in Du Pont in order to raise money to purchase entertainment giant MCA, according to articles published in The New York Times, The Wall Street Journal and the New York Post today. The Times reports that Seagram could get up to $10 billion for its shares of Du Pont. Those shares were purchased by Seagram for just $3.28 billion in 1981. Seagram, which makes liquor, wine and juice products, reportedly has been talking about a $10 billion deal to buy MCA from the Matsushita Electrical Industrial Co. The Times reported that...