Word: antitrusters
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Dates: during 1960-1969
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PILL PRICE CUT of 15% for antibiotics has followed criticism of high drug prices by Senate Antitrust Committee. Pfizer, Upjohn, Lederle and Squibb cut prices of tetracyclines-biggest antibiotic family-to retailers buying direct...
...common stock, the largest single block. He was all set to elect at least part of an "independent board" of his own choice, which was likely to be more amenable to his taking over. But the court found that Evans' attempt to take over Briggs may violate antitrust laws, blocked him from voting his stock at the annual meeting June 17 unless an appellate court, now pondering the case, reverses the decision...
...Charges. Evans' rapid acquisitions of plumbing-fixture manufacturers also brought an antitrust complaint from the Federal Trade Commission. Evans had his own explanation for the complaint. To the New York Society of Security Analysts he said darkly: "Somebody came to me several months ago and said, 'If you don't get out of Briggs, one of the family is married to a Senator from Michigan, and we're going to stir up things in Washington.' " Michigan's Democratic Senator Philip A. Hart, married to a daughter of the firm's founder, heatedly denounced...
...This year the trend continues; earnings for the first quarter were 67? per share (v. 38? for the same period last year). And although Evans must justify his expansionism to a federal court in the U.S., he has no antitrust worries in Europe. There he has already invested more than $5,000,000 so far this year in three plants for Crane. He expects to add others soon...
Under a bold-faced ad heading, ANTITRUST, Manhattan's Barclay hotel last February genially invited the nation's corporations to take advantage of its executive suites ($7,500 a year and up). Said the Barclay in its ad in the New York Times: "Corporation secrets are best discussed in the privacy of an Executive Suite at the Barclay." Last week the statement was open to doubt. In Philadelphia a Federal Grand Jury returned a second set of indictments against eight electrical-equipment makers, charging antitrust violations involving criminal conspiracy to fix prices, divide markets and rig bids (TIME...