The Predators' Ball: The Junk-bond Raiders and the Man who Staked ThemA lead reporter for The American Lawyer, tells the story of the night that sparked the corporate takeover mania of the eighties, the 1985 "Predators Ball", and how one man--Michael Milken, a junk bond impressario, financed the corporate takeover kings. Advertising in the Wall Street Journal and the New York Times. |
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Page 162
... Greenmail had become the bĂȘte noire of corporate America . From now on , taking greenmail openly was going to mean incessant suits from enraged shareholders and incessant beatings in the press . Moreover , Congress was up in arms about ...
... Greenmail had become the bĂȘte noire of corporate America . From now on , taking greenmail openly was going to mean incessant suits from enraged shareholders and incessant beatings in the press . Moreover , Congress was up in arms about ...
Page 164
... greenmail , was greenmailed out of his Phillips stock . Drexel had backed two hostile bids , both unconsummated ... greenmail . We'd now used the high- yield weapon twice - in Gulf and then in Disney , where Steinberg took greenmail ...
... greenmail , was greenmailed out of his Phillips stock . Drexel had backed two hostile bids , both unconsummated ... greenmail . We'd now used the high- yield weapon twice - in Gulf and then in Disney , where Steinberg took greenmail ...
Page 173
... greenmail . Icahn did not want greenmail anymore , but he did want money , so this was a package of " expenses " and other benefits . Had Lorenzo paid Icahn his price , TWA would have gone down in the annals of corporate raids as a ...
... greenmail . Icahn did not want greenmail anymore , but he did want money , so this was a package of " expenses " and other benefits . Had Lorenzo paid Icahn his price , TWA would have gone down in the annals of corporate raids as a ...
Contents
The Ball | 10 |
Spreading the Gospel | 21 |
The Miners Headlamp | 23 |
Copyright | |
19 other sections not shown
Common terms and phrases
acquired acquisition arbitrage assets bank Bergerac Beverly Hills bought buyers Carl Icahn Carl Lindner cash chairman commitment company's Considine corporate finance corporate-finance deal debt dollars Drapkin Drexel employee Drexel executive Drexel investment banker Engel equity exchange offer firm's former Drexel Fred Joseph funds Gobhai going greenmail guys high-yield hostile interest investment banker investment-banking firms investors issued Ivan Boesky junk bonds junk market Kidder later lawyer Leon Black leveraged buyout Lindner Lipton loans Lorenzo ment Michael Michael Milken Mike Milken Milken's group million months Morgan Stanley National Nelson Nelson Peltz Pantry Pride partners partnerships Peltz percent Perelman Phillips portfolio Posner profits raise recalled Revlon Riklis Ronald Perelman Salomon Saul Steinberg Schnall securities sell share shareholders Shenkman Siegel Sigoloff takeover target tion told trading transaction Triangle underwriting Victor Posner Wall Street wanted Wynn York