Word: allenating
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Dates: during 1960-1969
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Houston's Gulf Sulphur Corp. until a year ago was a $10.7 million-a-year operation that depended entirely on sulphur production in Mexico. Then President Robert H. Allen, 40, a lanky (6 ft. 4 in.) onetime Texas A. & M. distance runner, long-strided his way into the merger derby. Today, renamed Gulf Resources & Chemical Corp., Allen's company is a broadly based natural-resources producer with an annual sales rate of over $100 million. Explains Allen: "We did not want to be a com pany with a single mineral...
Gulf Resources' unusual growth is the result of two mergers. First, Allen paid out $18.5 million in stock to acquire Lithium Corp. of America, a New York-based mineral and chemical concern. He next made a tender offer for shares in far bigger Bunker Hill Co., an $83.2 million-a-year Idaho mining and smelting company. Bunker Hill spurned Allen's overtures, began dickering with two other prospective part ners. Undeterred, Allen coolly bought up its stock on the open market, by last February had a commanding 36% interest. The battle of Bunker Hill over, shareholders...
Benka's second place put in the shot, 55' 11 1/2", was three feet under his Harvard record and 14 inches behind St. John's's Allen...
...hammer and a non-scoring sixth in the shot. Wilson placed-fifth in the hammer and second in the discus, while Hedendahl got third in the discus. Captain-elect Dick Benka lost his first shot put event of the year, finishing a disappointing second to St. John's George Allen...
...ROBIN T. ALLEN...