Word: wassersteins
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...ROMANTIC by Wendy Wasserstein...
...real estate tycoon, considered tendering an offer for about 7% of Bendix during the takeover battle in exchange for RCA stock owned by Bendix. The author describes how Agee and Cunningham did not feel they had to play by the same rules as everyone else. At one point, Bruce Wasserstein, a First Boston investment banker who was advising Bendix, tells a flustered Agee: "Before you propose a deal, your team is supposed to do its homework. As far as I can see, that wasn't done...
...company's first steps was to summon its group of outside advisers. They included: Bruce Wasserstein and Joseph Perella, investment bankers with First Boston Corp., a Wall Street firm; Joseph Flom, a lawyer with the New York firm Skadden, Arps, Slate, Meagher & Flom; and Richard Cheney, a public relations expert with New York's Hill & Knowlton, who directed the media campaign that helped McGraw-Hill block the attempt by American Express to take it over...
...frenzied series of weekend meetings, these hired guns huddled with Marathon's board of directors. Wasserstein and Perella told them that Mobil's offer of $85 a share was "grossly inadequate." Flom advised the directors that the offer raised serious antitrust questions. As a result, Marathon sued Mobil in Cleveland's federal district court and obtained a temporary restraining order to stall the takeover bid. Cheney and his staff arranged a satellite broadcast to television stations across the U.S. of Marathon's response to the Mobil offer...
Mobil, another Conoco suitor, has hired the merger team of Merrill Lynch White Weld, which is headed by Carl Ferenbach, 39. Du Pont has retained the services of First Boston Corp., whose merger mentors, Joseph Perella, 39, and Bruce Wasserstein, 33, last March masterminded Fluor's $2.7 billion purchase of St. Joe Minerals. Their fee for that deal: $3.5 million. If Du Pont wins Conoco's hand, First Boston could pocket as much as $15 million. But even if some other firm walks off the winner, First Boston will still claim a $750,000 loser...