Word: arnhold
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Dates: during 1962-1962
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Challenge for Competitors. Private U.S. money is now helping Siemens to push the biggest expansion program in its history. In the first major private loan by U.S. financiers to a German firm since the war. a group of twelve lending institutions headed by Morgan Stanley and Arnhold & Bleichroeder have lent Siemens $25 million as part of its two-year, $250 million expansion (much of which will be paid for out of profits). With expanded plant, Siemens intends to give stiffer competition in world markets to its three bigger U.S. competitors−General Electric. Western Electric and Westinghouse...
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