Word: armours
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Dates: during 1960-1969
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Fighting the Giants. As weaker operators began to fall out during tortuous negotiations, a consortium consisting of Armour & Co., Continental Oil, and Loeb, Rhoades & Co., and headed by former Treasury Secretary Robert Anderson, soon emerged as the leading contender. Anderson was a steady visitor to Spain, even won an audience with Franco. Then, last November, Continental Oil pulled out of the Anderson consortium, and all its hopes were wrecked. A new group, including Gulf Oil, W.R. Grace, Texaco, and Standard Oil of Calif., entered the race with a combined bid. I.M.C. was left to fight it out with the quartet...
...producing P. Lorillard Co. is planning to consolidate with Schenley Industries (see following story). To the trustbusters, conglomerate mergers offer some sophisticated dangers. Potential stifling of competition-as in the ITT-ABC case-is one. Another is reciprocity. One circumstantial example of reciprocity currently cited by Government lawyers involves Armour & Co., which as a meat packer is a major customer for railroad shipping space. Armour, in a conglomerate merger, bought out Baldwin-Lima-Hamilton, a manufacturer of railroad equipment. And now, to the disapproval of the government and the outrage of competitors, B-L-H has been getting...
...their racing bicycles, pedaling for all they were worth. Close behind were two vin tage French-made armored cars, their .30-caliber machine guns pointed unsportingly at spectators. It was an odd procession, and as it whizzed past his foxhole outside Danang, U.S. Marine Lance Corporal Charles Armour, 18, whose patrol had been ambushed nearby only hours before, could only marvel: "It's really weird...
...Armour & Co. has signed a preliminary agreement with the Birla Gwalior industrial group to build a $50 million, 220,000-ton fertilizer firm...
Doug Hardin saved some face for the Crimson, taking first place by two seconds over the Bruins' Hammond Armour. Brown took three of the next four places to wrap up the win. Only Jim Strinchcomp (5th) broke up the Bruin monopoly...