Word: bucyrus
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Strategy for Defense. Though resisting tender offers is difficult, Hayes and Taussig figure that the odds nevertheless favor the defense by a 2.86-to-l margin. Defenses are many. Racine Hydraulics & Machinery fought off a takeover bid by Bucyrus-Erie Co. not long ago by writing and telephoning some 3,000 stockholders, joining a hastily formed committee of Racine citizens in buying up its own shares in the market. Sharon Steel Corp. boosted its annual dividend from 60? to 80? a share to help fend off a tender offer by Honolulu Industrialist George W. Murphy. Julius Garfinckel & Co., the Washington...
...Bucyrus, Ohio...
...remember you." At G.E.'s Electronics Park plant in Syracuse, 800 pickets battled with 210 police who were trying to escort carloads of nonstrikers into the plant. Result: 15 union men were arrested. Breaking through the lines at a small G.E. lamp plant in Bucyrus (pop. 11,600), Ohio, nonstriking women squealed and wielded umbrellas as pickets stuck them with hatpins...
...Commercial and Industrial Loan Department, set up to make funds available to small businessmen who ordinarily cannot get long-term loans through normal bank channels. "What we're looking for," says one Prudential executive, "is the nice little company making a nice little product in Bucyrus, Ohio." The Pru has found plenty of them. Among the loans: $200,000 to help reforest a Florida tree farm, $750,000 to a Nashville religious-book company, $54,000 to Kansas City's Papec Machine Co., makers of agricultural appliances, another $120,000 to six El Dorado (Ark.) doctors who convinced...
...meet the demand, equipment-makers estimate, they will spend 26% more this year on new plants than they invested in 1956. Caterpillar Tractor Co. alone is budgeting $80 million for expansion this year to bring its postwar total to $500 million through 1960. Bucyrus-Erie Co. will boost production of excavating gear at South Milwaukee, Wis. and Evansville, Ind. General Motors will break ground this summer for an earth-moving-equipment plant southeast of Cleveland...