Merger/the Exclusive Inside Story of the Bendix-Martin Marietta Takeover War

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9780688039837: Merger/the Exclusive Inside Story of the Bendix-Martin Marietta Takeover War

Conglomerate corporations

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From the Publisher:

William Agee, the youngest man ever to head one of the top 100 American corporations, seemed unstoppable. He took over Bendix, an aerospace, automotive, and industrial firm, determined to diversify the company out of the automotive industry. He sold off a few Bendix units, got some cash together, and began to look for acquisitions. Then Agee's relationship with Mary Cunningham burst into the news. Agee had promoted Cunningham from his executive assistant to vice president, to the outrage of other Bendix employees. Their affair, replete with power, brains, youth, good looks, charm, denial, and deceit, fascinated the American public. Agee turned to acquisition as soon as the gossip died down. A failed attempt to acquire RCA left him more determined than ever, and he set his sights on Martin-Marietta, an undervalued gem in the 1982 market slump. Thus began an all-out war of tenders and countertenders, egoism and conceit, half-truths and dissimulation, and sudden alliances and last-minute court decisions. The author, son of a long-time Bendix director, had unique access to the participants, notes, and documents involved in the takeover war.

About the Author:

Peter F. Hartz was born in Toronto, Canada in 1953. He moved to the United States in 1964 and has become a naturalized citizen. He graduated from Colgate University in 1975 and received his Master's in Writing from Brown University in 1977. Peter F. Hartz lives with his wife Kathy and sons Matthew and Christopher in Toluca Lake, California.

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Hartz, Peter F.
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