Word: tenderized
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Nancy's mother. "They're working and planning something for themselves. Their philosophy is a very loving and tender thing...
...skirmishes in memory swirled around Milwaukee last week, as Allis-Chalmers Manufacturing Co. found itself under heavy assault. The battle was joined by James Joseph Ling, 44, chairman of Dallas-based Ling-Temco-Vought, who during a nine-day fight for control of the company had eventually made a tender offer valued at $560 million-one of the biggest ever. But by week's end, staid Allis-Chalmers, which is the area's biggest employer, had delivered L-T-V its first defeat-however temporary-in Ling's long takeover history...
...stake in 1946, he had wired together a series of dazzling acquisitions to build a conglomerate that topped $468 million in sales last year. And this year "the Ling Dynasty," as L-T-V is sometimes called, has loomed even larger. In March a surprise Ling tender offer hauled Chicago's Wilson & Co. into the fold. Early this month, Ling announced a plan to take over Greatamerica Corp., the Dallas-based bank, insurance and airline (Braniff) combine controlled by his longtime ally, Troy Post. If Ling could take Allis-Chalmers in hand L-T-V bid fair to quickly...
...liked the way Allis-Chalmers products were "tied to the growth of the economy." The company also has a classic vulnerability to takeover attempts: its officers and directors hold less than 4% of its stock, which is a very small base from which to try to fight an attractive tender offer. Ling himself was in Milwaukee for a quiet look-see in July, and two weeks ago he moved in again...
...years, once was in the crew of a boat that won the Bermuda race, sails his own 37-ft. sloop and is a longstanding member of the New York Yacht Club. He sketched and photographed Sailor Mosbacher in action from the deck of Mary Poppins, Intrepid's tender, and at the dock, and revisited his sub ject and scene until he was sure he had exactly the right bearing. "I wanted this cover painting to be authentic," he said. "I have friends in the Yacht Club who would raise the devil if I made a mistake...