Word: targetting
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Dates: during 1980-1989
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...when Governor Michael Castle signed new antitakeover legislation last week, the impact reached far beyond Delaware's borders. Among its provisions, the law requires that takeover artists who buy between 15% and 85% of a Delaware-registered company wait three years before selling off assets or merging the target firm with another one. The effect will be to tie up raiders' money and make financing tougher. Delaware felt compelled to adopt the legislation partly because 32 other states already offer similar protection...
...lines, supported by a rear echelon, these rules, established after World War II, have created some peculiar quandaries. While Linde and her female colleagues are not permitted to fly fighter aircraft, Air Force women regularly pilot KC-135 tankers that refuel the fighters and make an even more tempting target for enemy missiles. Though women are banned from Navy destroyers, they may support and supply vessels that steam in dangerous waters. Women piloted tankers in the 1986 air strike on Libya and flew cargo planes in the invasion of Grenada. Says Lawrence Korb, a former Pentagon official and Brookings Institution...
Biathlon: The Americans have never won a medal in this event. Who would want to win a medal in a "sport" that combines cross-country skiing with target practice? Except maybe Charles Bronson...
Even the USX foray pales in comparison with the size of Icahn's latest target: Texaco (1986 sales: $31.6 billion). Icahn began buying shares in the company when it declared bankruptcy last spring after failing to reach any settlement with Pennzoil, which had won a $10.3 billion judgment against Texaco in a Texas court. Icahn got his chance to help break the impasse in December, when Bankruptcy Judge Howard Schwartzberg ruled that Texaco's shareholders could strike their own deal with Pennzoil, with or without the approval of Texaco management. Before long, spurred in part by Icahn's repeated phone...
...target of Democratic affections, the man to whom Wright would most like to assign the conduct of U.S. policy in Central America, is Costa Rican President Arias. He has become the authority for what is right and what is not. With his Nobel aura, Arias has taken on the aspect of a man who has transcended mere politics and national interest...