Word: buying
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Dates: during 1960-1969
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...increase its number of shares outstanding and thus raise the total that Heineman would have to win, Goodrich made a deal with Gulf Oil Co. Last February, Goodrich issued 700,000 new shares worth about $32 million to buy up Gulf's half-interest in Goodrich-Gulf, a money-losing subsidiary. The price was steep, but the deal put 5% of Goodrich's stock into the friendly hands of Gulf's management...
...erect a federal regulatory hurdle for Heineman, Goodrich in March paid about $2.7 million in stock to buy Motor Freight Corp., a Terre Haute-based trucking company that competes with Northwest on some rail routes. Goodrich then petitioned the Interstate Commerce Commission, urging it to rule that Northwest would need ICC approval for a merger...
...antitrust law, "let the merger movement get clear out of hand." In rapid succession, he has announced actions against three big conglomerates. His trustbusters are contesting Ling-Temco-Vought's takeover of Jones & Laughlin Steel; ITT's acquisition of Canteen Corp. and Northwest Industries' attempt to buy up B. F. Goodrich. Such mergers, McLaren says, are forcing "a radical restructuring" of the economy. The restructuring that he is talking about is not based on valid economic grounds, he contends, but rather on financial considerations. He is confident that the courts will agree with...
...actual restraint of trade is involved. This action, he believes, would tend to retard such possible abuses of economic power as reciprocity. He fears, for example, that a huge diversified company would be tempted to "systematically use its tremendous purchasing power to make sales" by inducing suppliers to buy its own products...
...plan is well under way in Savannah, where 40 impoverished Negroes have been helped to buy homes and 23 have received loans to begin or expand their own businesses. The bank has also mounted cleanup campaigns in the Negro neighborhoods of Valdosta and Albany, Ga., where thousands of blacks and whites together swept up and carted away hundreds of tons of junk. When the campaign was repeated in Savannah, some 30,000 people showed up to participate. Last week Lane introduced his plan to seven other Georgia cities, including Atlanta...