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Book-Till Death Do Us Part: Bendix Vs. Martin Marietta Hardcover –1983 - $10
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Author: Hope Lampert
Publisher : Harcourt; 1st edition (July 1, 1983)
Language : English
Hardcover : 264 pages
ISBN-10 : 0151903107
Jacket: Slight tears at the top by the spine
Book: Mint condition with NO writing, or markings, or torn pages
8.5 inches x 5.75 inches x 1 inch
The principals in the Bendix-Martin Marietta affair provide an inside look at the workings of corporate power in this account of one of modern business's greatest takeover battles
Martin Marietta Corporation was an American company founded in 1961 and was a leader in chemicals, aerospace, and electronics. In 1982, Bendix Corporation, headed by William Agee, made a hostile takeover bid, buying the majority of Martin shares and in effect owned the company. However, Martin Marietta's management used the short time separating ownership and control to sell non-core businesses and launch its own hostile takeover of Bendix. This became known as the Pac-Man defense. Thomas G. Pownall, CEO of Martin Marietta, was successful and the end of this bitter battle saw Martin Marietta survive; Bendix was bought by Allied Corporation. This book is based on interviews with the main participants.