Word: clevelands
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Dates: during 1960-1969
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...Cleveland 1, Minnesota...
California 6, Cleveland...
Apparently unbothered by the Supreme Court's latest merger ruling, last week the board of Cleveland-based Stouffer Foods Corp. approved Litton Industries' buy-out offer of about $100 million. For Litton, which annually sells over a billion dollars' worth of products ranging from ships to space components, the Stouffer acquisition marks a second venture into consumer goods. The first was The Royal McBee typewriter company, which the sprawling West Coast company picked...
Though the merger was no pushover for Litton-Stouffer's board rejected Litton's first offer last year-it seems sure that when the Cleveland company's shareholders meet within 90 days, they will agree to the proposal. Certainly Vernon Stouffer, after 43 years in the business, will not be dismayed when Litton Chairman Tex Thornton and his West Coasters take over. He will stay on as chairman, but only last year his family bought the Cleveland Indians, and, he says, "I'm looking forward to spending more time at the ballpark...
...Cleveland...