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"O.K., we're all agreed, we'll merge on a share-for-share basis - that leaves 157 open items on the agenda."
"O.K., we're all agreed, we'll merge on a share-for-share basis - that leaves 157 open items on the agenda."

"O.K., we're all agreed, we'll merge on a share-for-share basis - that leaves 157 open items on the agenda."

Artist (American, 1900 - 1974)
Date1954
ClassificationsCartoon
Mediumcrayon ink
DimensionsObject: 7 5/8 × 9 1/4 in. (19.4 × 23.5 cm) Sheet: 7 5/8 × 9 1/4 in. (19.4 × 23.5 cm)
Credit LineMary Petty and Alan Dunn Bequest
Object number1979.2186
"Now look - International has a net quick of $15 per share. Its market price is $10, book is $36.65. Our net quick is $8; our book is$22, and at market we are selling for $25. So to start with we offer them one share of ours for two of theirs. That's five bucks premium. Can they turn it down? So they turn it down. Then we say, O.K., we'll buy the assets. We'll give you $1 million for your plant, which stands at $3,900,000 net. That wipes out all the water, gives them a fine tax carry-back. Then we give them 80 per cent of net inventory and accounts receivable - that's another $4 million. Another nice tax loss for them. So we pay 'em $5 million. There's nothing complicated about this except - say, where do we get the turn-around money"
"Now look - International has a net quick of $15 per share. Its market price is $10, book is $36.65. Our net quick is $8; our book is$22, and at market we are selling for $25. So to start with we offer them one share of ours for two of theirs. That's five bucks premium. Can they turn it down? So they turn it down. Then we say, O.K., we'll buy the assets. We'll give you $1 million for your plant, which stands at $3,900,000 net. That wipes out all the water, gives them a fine tax carry-back. Then we give them 80 per cent of net inventory and accounts receivable - that's another $4 million. Another nice tax loss for them. So we pay 'em $5 million. There's nothing complicated about this except - say, where do we get the turn-around money"
Alan Dunn
1954
"The union has just about agreed to a settlement on the basis of the N.L.R.B. formula, but a hitch has developed - they want us to pay for their ads in the "Times".
"The union has just about agreed to a settlement on the basis of the N.L.R.B. formula, but a hitch has developed - they want us to pay for their ads in the "Times".
Alan Dunn
1950
"Oh, we're reading, I'm O.K., You're O.K. and I guess we are O.K., but I thinks its because of the martinis not the book."
"Oh, we're reading, I'm O.K., You're O.K. and I guess we are O.K., but I thinks its because of the martinis not the book."
Alan Dunn
1972
untitled, illustrations of common items (see notes) [Ellis 48(3)]
untitled, illustrations of common items (see notes) [Ellis 48(3)]
Fred Ellis
20th c.
"Shall I leave the door open for further negotiations, sir?"
"Shall I leave the door open for further negotiations, sir?"
Alan Dunn
1974
"But a molded leaves so little.", "peau de soie unsaid!"
"But a molded leaves so little.", "peau de soie unsaid!"
Alan Dunn
1960
The End of the Masquerade - and the British Lion is Going for His Share
The End of the Masquerade - and the British Lion is Going for His Share
Thomas Nast
1882
Lion's Share
Lion's Share
Anna Hyatt Huntington
1964
"While we're at it, we might as well put up a couple more for Japan and Outer Mongolia just in case."
"While we're at it, we might as well put up a couple more for Japan and Outer Mongolia just in case."
Alan Dunn
1956
"Remember how quick they were to grant us a responsible voice in management? Well, now they want us to help raise the money to stave off bankruptcy."
"Remember how quick they were to grant us a responsible voice in management? Well, now they want us to help raise the money to stave off bankruptcy."
Alan Dunn
1971
"Well, we're back. We zoomed like hell through Provence, but the dollar caught up with us at Marseilles."
"Well, we're back. We zoomed like hell through Provence, but the dollar caught up with us at Marseilles."
Alan Dunn
1973
"That only leaves me ten dollars for the permanent, so hadn't I better take the step-ins?"
"That only leaves me ten dollars for the permanent, so hadn't I better take the step-ins?"
Alan Dunn
1928