Word: walts
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...like watching your mother getting ravaged by New York thugs," said Greg Kieselmann, co-manager of institutional research at Morgan, Olmstead, Kennedy & Gardner, a Los Angeles brokerage firm. That rather vivid imagery was typical of the investment world's reaction last week after Financier Saul P. Steinberg zapped Walt Disney Productions with a market ploy that made him $32 million richer but may have left Disney much weaker. Steinberg, 44, had just pulled off the latest example of a spreading tactic called greenmail, Wall Street's version of blackmail...
...firm. Kerkorian agreed to invest $75 million for a 20% stake in the new firm in return for a 60-day option to buy the Disney studio and film library for $448 million. Fisher put in the same amount in return for exclusive rights to acquire undeveloped land near Walt Disney World and Epcot Center in Florida and Disneyland in California. MM Acquisition then offered to buy 37.9% of Disney for $67.50 a share, in a deal valued at $970 million. That was a third more than what Disney stock sold for only a few months ago, and the offer...
...York Financier Saul Steinberg, 44, has compiled a fear some record as a corporate raider. So when he acquired 12.2% of Walt Disney Productions, the movie and amusement-park company appeared to be in danger. But Wall Streeters are now saying that Steinberg's battle plan looks like so much huffing and puffing. Though he has said he may buy nearly 50% of Disney stock, Steinberg's search for other investors to go in with him has so far been fruitless. Also, his fight to unseat Disney's board of directors looks doomed...
...which not a single person dies: "I'm not sure if anybody really dies in this one either. I never saw the gremlins as homicidal, psychotic, maniacal killers. Perhaps they are the dark side of the founding father of creatures great and small: they're Walt Disney...
Stuck with a bearded enigma at the center of his tale, Vidal packs the edges with peripheral figures. Nearly everyone who was anyone during the 1860s, from Henry Adams to Walt Whitman, is given a walk-on role. This process extends to some 19th century notables already deceased. Vidal manages to insert the information that Francis Blair, an aged visitor to the Lincoln White House, knew Andrew Jackson...