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...world of high finance, where billion-dollar deals can be struck between cocktails and dessert, the hottest play these days is a once obscure transaction known as the leveraged buyout. In such operations, corporate officers are turning publicly held firms into private businesses that are free from the demands of short-term investors and the unwanted attention of corporate raiders. In the process many of them are making vast profits for shareholders and themselves...

Author: /time Magazine | Title: The Popular Game Of Going Private | 4/18/2005 | See Source »

...Comcast, a smaller cable company. Revlon pursued a similar path last month when it arranged a complex $1.8 billion transaction that would break up the cosmetics firm but keep it out of the hands of Pantry Pride, a Florida retailer. Revlon suffered a setback last week when a court struck down its plan to sell two divisions for a bargain price of $525 million as part of the proposed deal. The ruling allowed Pantry Pride to continue its take-over effort...

Author: /time Magazine | Title: The Popular Game Of Going Private | 4/18/2005 | See Source »

...arms and fewer than enough bats to leave some nice anomalies on the record. Buddy Biancalana's passel of hits could be a mystery for the ages. Pitcher Jackson was fanned five straight times and rejoiced: "I tied a record for that?" In the fifth game, the winning team struck out 15 times. Cardinal Reliever Todd Worrell, 26, a late bloomer of two months' standing in the major leagues, struck out the only half-dozen batters he faced. This matched the World Series record of Cincinnati's Hod Eller in 1919 and Baltimore's Moe Drabowsky in 1966, though Worrell...

Author: /time Magazine | Title: Sport: A Gracious War Between the State | 4/18/2005 | See Source »

...first time in a decade, a World Series has been worthy enough to make people at least review the others for comparison. No souls should be lost over this one. "After 1980 I carried it around for about two years," recalled Royals Centerfielder Willie Wilson, who struck out twelve times in six games against Philadelphia, including the last swing off Tug McGraw. "Every time I woke up, Tug was striking me out. I was the one who lost the World Series. I felt so negative about myself that I hibernated. I didn't go outside in the day. I came...

Author: /time Magazine | Title: Sport: A Gracious War Between the State | 4/18/2005 | See Source »

...upon the Earth. In 1940, when Wilfrid was nine, the call took the family to the U.S. and kept them hopping from way station to way station. Young Wilfrid, the eternal transfer student, felt like a newspaper tossed on a lawn. Not even when he was struck by polio at the age of 1 3 did his parents slow down their perpetual motion in the service of the Lord...

Author: /time Magazine | Title: Books: Pied Publishers | 4/18/2005 | See Source »

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