What Makes Giancarlo Run?
(2 of 2)
The stock market, however, applauded the Pathe-MGM/UA deal. The shares of all three participants rose during the week. Pathe climbed 1/2 point, to 4 3/ 4; MGM/UA gained 1 7/8, to 18 1/2, and Time Warner rose 5 3/8, to 98 3/8. Investors were apparently betting that the adventurous transaction was not another buffonata, but a boffo financial hit for everyone involved.
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