Word: swaps
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Dates: during 1980-1989
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...Wall Street who had long cherished the notion that Time was worth more in pieces than whole. Since the merger agreement was reached on March 3, some investors had complained that the terms provided Time shareholders with no immediate financial reward. Reason: the agreement called for a debt-free swap of 0.465 shares of Time stock for each Warner share...
...Smokies, the menopausal mother of the family keeps hearing a baby crying out in the woods. After she leaves the tent, the audience hears it too. The family tumbles into its car outside a diner near Amarillo, Texas, and resumes squabbling, only this time father and daughter swap roles and accustomed dialogue, and so do mother and son. The elders squeak about needing a bathroom break. The children trade curses about whose bad idea this adventure was, anyway. Then they screech off into the night, ostensibly with a grade-schooler in command of the steering wheel...
...Zeitung disagreed, predicting that the union would be a "Tower of Babel." And on Wall Street, where there had not been much excitement since the contest for RJR Nabisco, investors and speculators were agog over the proposed $9.5 billion exchange of Time shares for Warner's -- the largest stock swap ever...
...sources say he has become obsessed with trying to secure the freedom of his brother-in-law Mustafa Badreddin and 16 other Shi'ites jailed in Kuwait after a 1983 bombing blitz. Mughniyah launched his subsequent kidnaping and hijacking spree to spring the 17 in a prisoners-for-hostages swap. Among his victims: William Buckley, the CIA station chief, who died in captivity...
...softened his tune last Friday, however, after getting together with Andrus, New Mexico Governor Garrey Carruthers and top DOE brass in Salt Lake City. All parties agreed on a shaky compromise. They will press Congress to pass quickly a land-swap bill essential to opening WIPP, DOE will not only search for an interim storage site, but will also provide financial assistance to the states. Andrus might let some waste back into Idaho. Even so, Andrus estimated that chances for solving the waste disposal problem had improved only from 1 in 10 to fifty-fifty...