Word: brunswick
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Dates: during 1960-1969
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...Brunswick-Balke-Collender Co., which has diversified from bowling into school and sports equipment, has been looking for a boatbuilder. It lost out on Chris-Craft Corp., the nation's largest motorboat maker, to NAFI Corp., which is controlled by Wall Street's Shields & Co. (TIME, Feb. 15). After helping to close the Chris-Craft deal, famed Yachtsman Cornelius ("Corny") Shields Sr., a Shields & Co. partner, pondered a way to see Brunswick into the boat business. As a director of the Owens Yacht Co., the nation's No. 2 builder of pleasure crafts (1959 sales: $15.3 million...
Under the contract, Brunswick will exchange two shares of its stock for each seven shares of the Owens' stock. Non-family owners of the remaining 30% of Owens stock have a chance at the same terms. Last year Owens produced more than 7,000 wood and fiber-glass boats, ranging from 14 ft. to 35 ft. and up to $18,000 in price. Operating as a division of Brunswick, Baltimore-based Owens will remain under the family's management, is expected to expand its fiber-glass-boat operations, now 40% of its annual sales volume...
...nation's biggest motorboat builder, privately owned Chris-Craft Corp., has long been considered a catch by merger-minded corporations. Both Singer Manufacturing Co. and Brunswick-Balke-Collender Co. recently made offers to Chris-Craft Chairman Harsen Alfred Smith (TIME cover, May 18, 1959). This week the prize was won by NAFI Corp. (formerly National Automotive Fibres), which has diversified into oil and television. The price: $40 to $45 million in cash. NAFI is controlled by the Wall Street brokerage firm of Shields & Co., one of whose partners is famed Yachtsman Cornelius ("Corny'') Shields Sr. (TIME cover...
...Much (Jackie Wilson; Brunswick, mono and stereo). Singer Wilson, who bears a startling physical resemblance to Sammy Davis Jr., is presented to his fans as "Mr. Excitement." The excitement consists of a bludgeoning Neanderthal style, and the package should be labeled "For Unregenerate Rock 'n' Rollers Only...
Things looked bad for Michael Fairman, 78, when he entered Georgia's Glynn-Brunswick Memorial Hospital little more than a month ago. Within a few days he had a succession of heart seizures, and his condition got so bad that drugs helped only briefly. Last week Retired Businessman Fairman was at his son's home for New Year's, his heartbeat regular as clockwork. The remedy: Fairman's heart muscle had been wired directly to a tiny electric pacemaker, which he wore clipped to his belt...