Computer lessor deal with Geneen group
Article Abstract:
Continental Information Systems Corp agrees to sell all its assets to an investor group led by Harold S. Geneen, former chairman of ITT. The deal must be approved by the Federal Bankruptcy Court for the Southern District of New York because Continental is currently operating under Chapter 11 protection. Geneen agrees to pay $75 million in cash and $345 million in unsecured promissory notes for Continental's assets, but even this amount is not expected to satisfy the demands of Continental's creditors. Unsecured creditors claims are estimated at more than $400 million. Continental's financial problems came about because of tax revision laws that eliminated the company's lucrative reselling business and because of the Oct 1987 stock market crash.
Publication Name: The New York Times
Subject: News, opinion and commentary
ISSN: 0362-4331
Year: 1989
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Enough About 'Gates' as Art; Let's Talk About That Price Tag
Article Abstract:
It is difficult to account for how Christo and Jeanne-Claude arrived at the estimation of the cost of their New York City installation project "The Gates," as it involves many different components and many years of work.
Publication Name: The New York Times
Subject: News, opinion and commentary
ISSN: 0362-4331
Year: 2005
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An Encore Effort to Bring Shakespeare Back to Stratford
Article Abstract:
Connecticut's Stratford Festival Theater is hoping for an infusion of capital from the state in order to save it's building, which has been boarded up for years awaiting renovation.
Publication Name: The New York Times
Subject: News, opinion and commentary
ISSN: 0362-4331
Year: 2004
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