Word: suitors
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...employee corporate staff in Zurich is known for moving with great speed, notably in its agreement last December to acquire 50% control of Swedish carmaker Saab for $600 million. GM whisked Saab from under the nose of Fiat, which until the last minute thought it would be the successful suitor. GM Europe was also quick to set up a joint manufacturing agreement with Hungarian producer RABA, the first West European company to sign such an accord...
Sorriest Dealmaker. All's fair in love and takeover war, or so thought Texaco. In 1984 the Lone Star oil giant pined for Getty Oil, even though that company had already pledged its hand to another suitor, Pennzoil. Texaco managed to seduce Getty with a sweeter offer, but the jilted Pennzoil persuaded a Dallas jury that it had been cheated. To avoid posting a $10 billion bond, Texaco had to declare bankruptcy. Eventually the company settled the dispute by wiring $3 billion to Pennzoil's bank account...
...latecomer to the Saab wooing game, which began when Ford started courting the company earlier this year. After the collapse of those negotiations, auto-industry analysts expected Italy's Fiat to be the winning suitor. For Saab-Scania, which lost $123 million on its car-making operations in the first half of 1989, the advantage of the deal was access to GM's deep pockets. GM will gain badly needed production capacity at Saab's five plants in Europe, plus a stronger position in the U.S. and European luxury-car markets...
...demands of a faction that has been sniping at him for years; instead, he has wooed the right, doing the minimum, and sometimes more, to keep it happy. Says Stuart Rothenberg, a political analyst with Paul Weyrich's Free Congress Research and Education Foundation: "He's like the constant suitor. He's always there with the candy and flowers...
...with the smaller male crabs locking themselves atop the females' spiny shells with special pincers. For many less fortunate males, who vastly outnumber the females, the frenzy is more like a wretched high school dance: they form a stag line on the beach. Then, when a female, bearing a suitor on her back, wallows up and begins to burrow in the sand where she will lay about 4,000 eggs, as many as 15 lusty males struggle in the waves to pile on. All the males, their long spiny tails wiggling like primeval Excaliburs, try to milt (scientific politesse...