Word: woolwjrth
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Dates: during 1979-1979
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...bigger and thus harder to be swallowed up itself by a hostile outsider. Cash-rich firms like Brascan are commonly candidates for acquisition by some larger company that after taking over uses all that cash to finance the deal. Almost the same moment that Brascan revealed its bid for Woolwjrth, Canada's Edper Equities, an investment company that is controlled by Edward and Peter Bronfman, cousins of the Seagram whisky chiefs, said that it wanted to increase its stake in Brascan from 5% to 50%. But then Brascan announced its new adventure, and an Edper spokesman said that...
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