Word: streets
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Dates: during 1980-1989
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...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...
...their attacks. Kohlberg, Kravis, Roberts, an investment firm with $5.6 billion for use in takeovers, is a leader in the field. Since the takeover funds can borrow against their capital, they have the potential to raise as much as $300 billion. In a practice known as merchant banking, Wall Street firms, including KKR, Shearson Lehman Hutton and Morgan Stanley, are buying stakes for themselves in the companies they help investors take over...
...been a consistent and vociferous critic of the Reagan Administration's economic policies. In 1982, while chairman of the investment banking firm Lehman Bros. Kuhn Loeb, he co-founded a bipartisan group that warned of the mounting U.S. budget deficit. Still one of the most powerful men on Wall Street, Peterson now heads the Blackstone Group, a smaller investment house specializing in corporate takeovers and leveraged buyouts. His new book, On Borrowed Time: How the Growth in Entitlement Spending Threatens America's Future, written with Neil Howe, continues his assault on the economic policies of his own party. senior editor...
...still a drag. Though elections are not decided on the qualities of the vice-presidential candidates, this campaign has the feel of an exceptional one in which significant numbers of voters are disturbed by the possibility of a President Quayle. Some 54% of those questioned in a Wall Street Journal/NBC News poll published last week thought Quayle was a bad choice...
...professional band. But on Tuesday in Michigan, something started to click. At Arthur Hill High School in Saginaw, Dukakis clenched his fist, then opened his arms wide, palms uplifted, to welcome the crowd. He delivered a clear populist message: "George Bush cares about the people on Easy Street. I care about the people on Main Street. He's on their side. I'm on your side...