Word: atlases
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Dates: during 1960-1969
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Sunasco's troubles began almost as soon as the company was created in April 1966 by a merger of Beverly Hills-based Sunset International Petroleum with suburban Philadelphia's Atlas Credit Corp., a mortgage-banking, title-insurance and home-repair finance concern. First, a plan to float $14 million worth of long-term debentures went awry in the 1966 credit squeeze. Then the merger partners, Atlas' John L. Wolgin and Sunset's Morton Sterling, locked horns over how to raise money for the ailing realty side of their operation. Recalls Rozet: "There were four children...
...POCKET ATLAS...
...MODERN WORLD ATLAS...
...Quarrel. When Atlas Credit Corp., a Philadelphia-based investment company, offered $77.50 a share to gain control of Detroit's fourth-largest Commonwealth Bank, Parsons cancelled a business trip to Chicago, huddled for 24 hours with his partners. It would have been ambitious enough just to try for a slice of the bank, but the young partners decided that nothing could be quite so satisfying as complete control. They bettered Atlas' offer by fifty cents a share, organized a public relations campaign that stressed the advantages of hometown ownership. Within three days, after tender offers were counted, Parsons...
From 1958 to 1961, the WARP studied 12 major defense contracts including the Atlas, Jupiter, and Polaris missiles, the F4H intercepter, and the Nike Zeus anti-missile. Their case studies covered more than 1200 draft pages...