Word: worth
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Dates: during 1980-1989
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...stretch of prairie north of Fort Worth seems an unlikely home for the "industrial hub of tomorrow." Yet this is where Texas billionaire H. Ross Perot is constructing a 9,600-ft. runway that will carry mostly industrial products rather than human passengers. Perot and his son H. Ross Jr., 30, who heads the project, envision the Alliance Airport as the center of a 4,200-acre industrial park in which companies will manufacture products and distribute them by air freight...
...Fort Worth has invested more than $75 million in the city-owned airport, and the Federal Aviation Administration has donated $31 million toward construction because it will help reduce congestion at other fields. The Perots, who donated 414 acres for the airport, plus $14 million, own nearly 17,000 acres nearby...
Even in a European marketplace aswarm with mergers and takeovers in anticipation of the lowering of national barriers in 1992, the B.A.T deal would be worth two-thirds the total value of the 898 European mergers and acquisitions carried out in the first half of this year. It would rank second only to last year's $25 billion takeover of RJR Nabisco by the LBO firm Kohlberg Kravis Roberts...
...Bankers Trust will assemble a consortium of banks to provide the rest. Yet B.A.T investors would get no cash for their 1.5 billion shares. Instead, Goldsmith and his partners, bidding through a company called Hoylake Investments, would pay B.A.T shareholders a combination of Hoylake stock and loan chits worth $13.82 a share (B.A.T stock was trading at 11.28 in London before the deal was announced). Hoylake would pay down the debts by selling off B.A.T's retailing and finance holdings...
...year-old director took his picture to Universal rather than subdue the race riot in his final scene. Fiercely independent, Lee writes, directs and produces his films to prevent others from "meddling." He doesn't have an agent, publicist or manager, but the trade-offs of independence are worth it. "What I get is peace of mind, sanity. I have control over my work. That outweighs everything else," he says. "So I don't get invited to Hollywood parties. So I'm not on the Hollywood circuit. So I don't own a home in Beverly Hills. So Barbara Walters...