Word: staking
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...used to refinance existing bank debt. That was separate from the j1 billion-plus convertible bond issue announced only days earlier by the firm at the core of the Pinault empire - a publicly traded retail conglomerate called Pinault Printemps-Redoute (PPR), in which Pinault holds a 42% stake. PPR has also sold more than j3 billion in assets this year. People close to Pinault insist that the timing of these transactions is purely coincidental, and that he's not experiencing any financial difficulty. Nonetheless, his cash-raising flurry is the buzz of Paris, where the 66-year...
Lewis, who has fought an uphill battle for increased undergraduate space during his eight-year tenure, says nothing less than Harvard’s reputation is at stake...
...difficulties, misunderstandings, even outbreaks of conflict in the future over specific plans and projects,” Grogan says. “But it does make a difference to have a mindset that says we want to work it out. Because there’s too much at stake...
...this month, but the force would eventually comprise only 40,000 personnel. That leaves hundreds of thousands of military men out in the cold, which together with the 30,000 senior Baathists precluded from public service, equals a very large constituency of Iraqis with little stake in the success of the new order. They're angry and humiliated, have a history of organization, military training and access to weapons. Senior Baathists who have eluded capture reportedly have access to significant amounts of cash that could help fuel an insurgency, and there's considerable hostility towards U.S. forces among the local...
...names sniffing around Vivendi's entertainment assets include Liberty Media's John Malone, General Electric's NBC, Viacom, MGM, and oil tycoon and former Fox owner Marvin Davis. USA Interactive head Barry Diller's blocking rights and ownership stake add to the intrigue. Vivendi last fall rejected as too low Davis' reported offer of $15 billion plus $5 billion in debt assumption, but Davis hasn't given up. Malone's dealmaking prowess and close ties with Diller give him an edge...