Word: voting
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Dates: during 1980-1989
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Paramount's tender set the stage for a clash of media titans that could lead to months of multibillion-dollar broadsides, legal pyrotechnics and dangerously unpredictable consequences. The Paramount bid came just 2 1/2 weeks before shareholders of Time and Warner Communications were to vote on merging their firms into the world's largest media company, with total revenues of $10 billion. But the sudden strike by Paramount, whose operations include one of Hollywood's top movie-and-TV studios and the giant publishing house Simon & Schuster, disrupted those plans and threatened to provoke a free-for-all in which...
...larger company with many more outstanding shares, but would leave Time's stockholders with only the prospect that their stock would appreciate over the long run. Moreover, the process of getting Government approval and working out legal details required a 3 1/2-month gap between the announcement and the stockholders' vote on the deal, which left enough time for a hostile bidder to marshal his forces...
...country's first truly democratic elections since 1947, causing a constitutional logjam that for the moment left unclear exactly how and by whom Poland would be governed. Walesa, 46, his trademark mustache now gray and his stocky build padded with extra poundage, warned supporters shortly after the vote, "It's too early for congratulations...
...seats in the newly created Senate and 160 of 161 Sejm (lower house) seats set aside for opposition and independent candidates. Although the remaining 299 Sejm seats were automatically allotted to the Communists and their allies, only five of their candidates garnered the required 50% of the vote. Most of those unfilled seats will be decided in runoff elections on June...
...Thursday, Communist and union officials held an emergency closed-door meeting aimed at breaking the impasse. Determining how to fill the 33 vacant seats was at the top of the agenda. One proposal called for a new vote on those seats in the second round of elections. But many union supporters argued that they should remain unfilled...