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From: crm@rti.UUCP
Newsgroups: net.invest
Subject: Re: take overs - (nf)
Message-ID: <1178@rti.UUCP>
Date: Mon, 18-Jun-84 10:36:47 EDT
Article-I.D.: rti.1178
Posted: Mon Jun 18 10:36:47 1984
Date-Received: Thu, 21-Jun-84 02:48:24 EDT
References: ism780.242
Lines: 14

There was an article on Public Radio "Morning Edition" (or whatever) in
which this was called 'greenmail' (Cf. 'blackmail').

As well as being morally reprehensible on the part of this Sol whatsisname,
the position of the Disney management is a little funny too.  Seems that
Sol ?? (for some reason I remember his first but not last name) told the
Disney management that if he managed to purchase the company, he would
toss them all out.  So part of the response was to save their own jobs at
the stockholders' expense (since they used Disney assets to buy back to stock
from Sol-baby.)

As usual, now that the horse has left the barn, Congress is trying to make
it illegal.  Ghod knows how long it will take, or what it will mean when they
are done.