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Polaroid may buy back shares from white knight
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In a move likely to rile stockholders, Polaroid Corp. is
considering buying back shares from a company that rescued it from a
hostile suitor two years ago. The deal could cost Polaroid more than
a third of the $925 million settlement it recently won from Eastman
Kodak Co.
Corporate Partners LP, which came to Polaroid's aid in a heated
takeover battle in 1989, said in a filing with the Securities and
Exchange Commission that the Cambridge photography company is
considering repurchasing ...
Related newspaper, magazine, and journal articles from HighBeam Research
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POLAROID IN ANTITAKEOVER MOVE PRIVATE INVESTOR GROUP IS ISSUED $300 MILLION IN PREFERRED STOCK
The Boston Globe
; In a bold maneuver that places a large block of voting stock into the friendly hands of a "white squire," and further out of reach of its enemies, embattled Polaroid Corp. yesterday issued $300 million of preferred stock to a private investor group. Polaroid, the target of a hostile takeover
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ACHE's Corporate Partners
Healthcare Executive
; ACHE's program provides a forum in which provider-supplier partnerships flourish. As many of you are aware, ACHEs corporate partnership program continues to grow and prosper since its implementation nearly a decade ago. Our corporate partners, which include a variety of suppliers to the healthcare
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Mtel satisfies lender agreements, sells $55.5 million in preferred stock
The Mississippi Business Journal
; In a move to make good on sullied lending agreements partly incurred by launch of the SkyTel 2-Way network, Mobile Telecommunication Technologies Corp. (Mtel) has sold $55.5 million in preferred stock. The most recent sale of its Cumulative Convertible Accruing PIK (Pay in Kind) Preferred Stock was
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Radio prefers preferred (stock): groups going with preferred stock options to raise funds.
Broadcasting & Cable
; Groups going with preferred stock options to raise funds Last quarter's downturn in radio stock values has led several public broadcast groups to issue preferred stock rather than common stock to raise capital, say leading broadcast industry analysts. In recent weeks, SFX Broadcasting issued $225
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NLC launches Corporate Partners Program.
Nation's Cities Weekly
; Members of National League of Cities' leadership team and the charter members of NLC's Corporate Partners Program met at the Congress of Cities in Nashville in December to kick off the new program. NLC established the program in 2003 to promote the exchange of ideas between corporate leaders and
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