Word: stockings
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Dates: during 1980-1989
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Mitchell ruled that because the board let MIT present evidence that the project would increase the city's housing stock, it must also let members of the anti-development Simplex Steering Committee testify that University Park would push rents up, congest traffic and disrupt its neighbors in other ways...
...megabids were the most startling manifestations of a fresh outbreak of merger mania. So far this year, 4,813 mergers and acquisitions, worth $366 billion, have been launched or completed. That compares with 4,082 transactions, valued at $249 billion, during the same period last year. As daily stock-trading volumes languish at a fraction of their bull-market highs, and small investors seem a vanishing breed, mergers and acquisitions provide the only excitement around...
...Ross Johnson, the firm's chief executive, and Edward Horrigan, its vice chairman, an RJR Nabisco bid would take the firm private. The two men, who hold hefty chunks of RJR Nabisco stock, stand to make nearly $18 million each on the deal. While they will probably invest most of their profits in the new firm, that will do little to ease a projected $25 billion debt burden. To pay off the IOUs, RJR Nabisco will probably sell some of its divisions. The proposed deal must still be approved by a group of the firm's directors, but even...
...hopes that its play for Kraft will prove to be pre-emptive -- so attractive that Kraft management will be unable to turn it down. The tobacco and food giant is proposing to buy Kraft for $90 a share in cash, a 50% premium over the $60 price of Kraft stock before the offer. To get a friendly match and outbid other possible suitors, Philip Morris may have to raise its bid to more than $100, according to Wall Street analysts. Says Hamish Maxwell, the Philip Morris chairman: "We're prepared to negotiate this deal...
...needs an outside event to open a window. Some Bush strategists contend that only a serious illness or injury to the Vice President could give Dukakis the edge. But something a bit less spectacular could probably provide the opportunity: a serious Bush stumble, an international embarrassment or a sudden stock-market bust...