Word: tendernesses
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Dates: during 1980-1989
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...question last week with a 6-to-3 ruling that seemed to give a greater say to state legislatures. The Justices affirmed that a 1986 statute restricting hostile takeover offers for companies incorporated in Indiana does not violate either the Williams Act of 1968, a federal law that regulates tender offers, or Article I of the Constitution, which says that only Congress can regulate interstate commerce...
...Francisco, T.L.C. (for tender loving care) Suites on Nob Hill provides so many perks and useful items that its guests hardly need to leave the suite to hold meetings with colleagues, entertain clients and relax after hours. Each den has reference books and a desk filled with such basic work materials as tape, scissors, stapler and an electric pencil sharpener. A small library of movies and music is tucked into a cabinet with a VCR and compact- disc player. The T.L.C. suites also have kitchens with dishwashers and well- stocked refrigerators...
Suspicions of a wider insider-trading conspiracy on Wall Street were fanned last week by the release of an SEC study of 172 tender offers during 1981-85. In every instance, the target company's stock price rose abnormally at least 17 days before the takeover bid was made public. The study reached no firm conclusion about the cause, acknowledging that several factors, among them rumors and speculative press reports, could help explain the phenomenon. Nonetheless, "it is possible, and logical to many, that illegal insider- trading behavior" might be a significant factor, the study said. If so, the crackdown...
...role in Woody Allen's Hannah and Her Sisters) bubbles with fantasies of redemption: she stuffs a pillow under her clothes and says she will have a child; she tells an enigmatic joke and vows to become a stand-up comic. Each gently deflects the other in a tender marriage, unharrowed by grief...
...eventually beat off the raider's advances, at a cost of $4.4 billion. But according to the charges, Goldman, Sachs Partner Freeman, who was privy to Unocal strategy, disclosed inside information about an important defensive move to Siegel at Kidder, Peabody. The move was a so-called exclusionary stock tender, which meant that Unocal would purchase stock from shareholders other than Pickens in a move to isolate the raider...