THE MEDIA BUSINESS;
LEAD: Seeking to end four months of takeover turmoil, Macmillan Inc. said yesterday that it had agreed to a leveraged buyout offer of $85 a share, or more than $2.2 billion, from Kohlberg, Kravis, Roberts & Company.
On this day
Revisit the music, news, notable people, and historical moments connected to this date.
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LEAD: Seeking to end four months of takeover turmoil, Macmillan Inc. said yesterday that it had agreed to a leveraged buyout offer of $85 a share, or more than $2.2 billion, from Kohlberg, Kravis, Roberts & Company.
LEAD: The United States and several of its allies asked the Secretary General of the United Nations today to send an investigative team to Iraq to determine whether the armed forces there used poison gas against Kurdish guerrillas, diplomats said.
LEAD: The price of the Monsanto Company's shares plunged $7.125 today, after a jury decision against the company's G.D. Searle subsidiary over its Copper-7 intrauterine birth-control device.
LEAD: Two bitter enemies in the computer industry have reportedly called a truce and are about to embark on an extraordinary joint business venture.
LEAD: DESPITE its utilitarian name, Lake 302, ringed by bedrock outcrops, by jack pine and spruce, is as beautiful as any of thousands of lakes that dot western Ontario. But no one is flying a floatplane in to fish here or buying waterfront property for a cottage. The lake's water is acidic and its ecosystem is in rapid decline.
Music on My Birthday
The Top 50 albums for the chart week of September 7, 1988, covering September 13, 1988.
Def Leppard
Guns N' Roses
Tracy Chapman
Steve Winwood
D.J. Jazzy Jeff & The Fresh Prince
1988Luis RenterĂa, Panamanian footballer (died 2014)[â ]
Luis Gabriel RenterĂa was a Panamanian football forward, who played at the end of his professional career for Tauro in the Liga Panameña de FĂștbol.
1988Keith Treacy, Irish footballer[â ]
Keith Patrick Treacy is an Irish former footballer who was a Republic of Ireland international and who last played for St Patrick's Athletic. He spent his youth at Belvedere and began his professional career at Blackburn Rovers. Treacy has also played for Stockport County, Sheffield United, Preston North End, Burnley, Sheffield Wednesday, Barnsley, Drogheda United and St Patrick's Athletic.
1988Hurricane Gilbert is the strongest recorded hurricane in the Western Hemisphere, later replaced by Hurricane Wilma in 2005 (based on barometric pressure).[â ]
Hurricane Gilbert was the second most intense tropical cyclone on record in the Atlantic basin in terms of barometric pressure, only behind Hurricane Wilma in 2005. An extremely powerful tropical cyclone that formed during the 1988 Atlantic hurricane season, Gilbert peaked as a Category 5 hurricane that brought widespread destruction to the Caribbean and the Gulf of Mexico, and is tied with 1969's Hurricane Camille as the second-most intense tropical cyclone to make landfall in the Atlantic Ocean. Gilbert was also one of the largest tropical cyclones ever observed in the Atlantic basin. At one point, its tropical storm-force winds measured 575Â mi (925Â km) in diameter. In addition, Gilbert was the most intense tropical cyclone in recorded history to strike Mexico.
In 1988, the world population was approximately 5,141,992,542 people[â ]