Word: cashing
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Dates: during 1950-1959
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...press conference to issue his challenge. He, his brothers and associates, said Wolfson. had bought more than 105,000 of Montgomery Ward's 6,502,378 shares, making theirs the biggest single holding. They planned a proxy fight to unseat Avery and reverse his present tight fisted, cash-hoarding, nonexpansionist policies. Said Wolfson: "Montgomery Ward, as it stands today, is a glaring and notorious example of private enterprise in reverse gear...
Last week the syndicate of amateur prospectors closed a deal, sold out to Australasian Oil Exploration, Ltd. for a reported $562,500 in cash, plus a 20% interest in a new company formed to mine the area, and 5% of the gross proceeds...
Beethoven: Piano Concerto No. 6 (Helen Schnabel; Vienna Orchestra conducted by F. Charles Adler; SPA). Beethoven arranged this number himself at the behest of a publisher who offered him hard cash. It is a piano version of his famed Violin Concerto, its singing solo part reinforced by octaves, its cadenzas (including a ground-breaking passage for piano and timpani) especially written for the occasion. Not as silly as it might seem...
...Pittsburgh, the money-losing (first-half loss: $414,511) Follansbee Steel Corp. announced a two-way deal to dispose of both its corporate shell (i.e., big-board listing and cash) and its physical assets to two separate groups, one headed by Murchison and the other by Manhattan Machine-Tool Maker Frederick W. Richmond. For some $9,000,000 cash, Richmond will buy up Follansbee's steelmaking plants, warehouses and inventories, continue to operate the company. Follansbee's corporate shell (with $9,000,000 in the till and no plants) will then merge with two profitable Murchison firms: Chicago...
...World War II, when others again cautiously retired to safety, Perkins had the courage to expand once more, thus was ready to cash in on Britain's postwar boom in trucking. "Ginger" Perkins built a 575,000-sq.-ft. plant in Peterborough, Northamptonshire that he claims turns out more diesel engines than any other plant in the world. In six years he boosted sales of Perkins Ltd. from $6 million to almost $39 million. Last week Ginger Perkins was ready to start deliveries on his latest big order: 2,000 diesel engines (at $700 apiece) to Yugoslavia for tractors...