May 27, 1989 |
Bankers Trust said Friday that it might help finance two opposing bidders for NWA Inc., the parent of Northwest Airlines. The New York-based bank, which is already raising funds to support a bid by Los Angeles financier Alfred A. Checchi, said it may also help finance a competing offer for NWA by Pan Am Corp. George Fasel, a spokesman for Bankers Trust, said it is not a conflict for the bank to support two separate bids. He said Checchi and Pan Am are dealing with different divisions of Bankers Trust, the nation's ninth-largest bank.
May 16, 1989 |
Despite various takeover threats, the parent of Northwest Airlines is going ahead with its expansion plans, the carrier said Monday. Steven G. Rothmeier, NWA Inc. chairman and chief executive, told shareholders at the firm's annual meeting here that NWA plans to beef up service to Asia this summer, while it considers acquisition bids that will determine its future. NWA, the largest U.S. carrier in the Pacific market, is the target of at least four possible takeover bids. Two Los Angeles investors, Marvin Davis and Alfred A. Checchi, are considering separate bids, as is Pan Am Corp.
May 31, 1989 |
The deadline on bids for NWA Inc., the parent of Northwest Airlines, passed Tuesday with Pan Am Corp. and Los Angeles billionaire Marvin Davis making competing offers for the airline. NWA would make no comment on the bids or on whether any others had been received. The two known bidders would not disclose the size of their offers. However, Pan Am and oilman Davis, the former owner of 20th Century Fox, have each lined up more than $3 billion in financing. NWA's shares closed at $107.
June 1, 1989 |
NWA Inc., the parent of Northwest Airlines, has received takeover offers from Los Angeles financier Alfred A. Checchi and from Northwest's machinists union, bringing the number of known bidders to four. Details about the bids were not disclosed. As previously reported, NWA has also received bids from Pan Am Corp. and Los Angeles billionaire Marvin Davis. NWA, based in Eagan, Minn., is the fourth-largest U.S. airline and has a strong Pacific route system and valuable real estate in Japan.
May 9, 1989 |
Pan Am Corp. announced today that it is considering making an offer for NWA Inc., the parent of Northwest Airlines, which is the target of several takeover suitors. Pan Am Chairman Thomas Plaskett made the surprise announcement to shareholders at the financially troubled airline's annual meeting in Washington. He said Pan Am's move is in response to NWA's general request for such proposals. NWA already has received a $2.7-billion takeover offer from Los Angeles investor Marvin Davis, and the airline's unions have said they are also interested in possibly buying the carrier.
June 2, 1991 |
*** 1/2 N.W.A "Niggaz4life" Ruthless/Priority At the end of '88, when N.W.A's "Gangsta Gangsta" 12-inch single hit the streets, rap aficionados were confused: How did one reconcile the fact that the freshest beats of the year were inextricably tied to cheerful, unrepentant rhymes about inner-city crime sprees? The group, of course, came up with its own solution: They were "street reporters" who just documented what they saw around them. The rap community sighed--permission to dance.