April 22, 1981 (Wednesday)
- The first zero-coupon bonds were issued, as the J.C. Penney Company offered $200,000,000 worth of bonds that paid no periodic interest, dividends or other money until maturity. For $332.47 an investor would receive a "zero" that would pay $1,000 at its maturity date of May 1, 1989 for a 14.25% annual interest rate.
- Four gunmen, wearing Halloween masks, robbed the First National Bank of Arizona in Tucson. Taking $3.3 million, they accomplished the largest American bank robbery up to that time.
- In one of the first of many corporate mergers in the 1980s, food producers Nabisco, Inc. acquired Standard Brands, Inc. in a stock transaction valued at 1.9 billion dollars to create Nabisco Brands, Inc.
- Born: Ken Dorsey, American NFL and CFL quarterback, in Orinda, California
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Famous quotes containing the word april:
“Postmodernism is, almost by definition, a transitional cusp of social, cultural, economic and ideological history when modernism’s high-minded principles and preoccupations have ceased to function, but before they have been replaced with a totally new system of values. It represents a moment of suspension before the batteries are recharged for the new millennium, an acknowledgment that preceding the future is a strange and hybrid interregnum that might be called the last gasp of the past.”
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