Word: clint
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FIRST-ROUND VICTORY in the proxy war for control of the Alleghany Corp., the holding company that controls the New York Central and Investors Diversified Services, went to Murchison interests. Court ordered Alleghany Chairman Allan Kirby (TIME, Dec. 12) to turn over list of stockholders to Brothers Clint Jr. and John Murchison to solicit support for taking over the company...
...company whose assets include control of the New York Central and the $3 billion Investors Diversified Services, the biggest U.S. mutual fund group. Despite this considerable power, quiet courtly Allan Kirby habitually wears the look of a doleful Alfred Hitchcock-and last week he had his reasons. Texas Millionaire Clint Murchison and his two sons, once Kirby's partners in Alleghany (TIME, Sept. 19), are trying to take Alleghany away from him in what was shaping up as the biggest proxy fight in many a year...
...Seniority"), is carefully sidestepping the intense, local Democratic squabbles. His conservative opponent, William Frank Colwes (pronounced Call-wes), is tall (6 ft. 4 in.), grey and handsome, a civic leader and onetime Pontiac dealer who is scarcely known outside of Santa Fe, given little chance of upsetting Old Pol Clint Anderson...
PROXY WAR will be fought by Clint Murchison Jr. and his brother John for control of the Alleghany Corp., the holding company that controls the New York Central and Investors Diversified Services, world's largest group of mutual funds (assets: $3 billion). Murchisons were ousted from I.D.S. board by Alleghany forces, but hope to reverse setback by taking over Alleghany in which they control a potential 20% of the outstanding common stock...
From the directors of Investors Diversified Services, the nation's largest group of mutual funds (assets: $3 billion), came a terse announcement: a special meeting of stockholders was going to be convened to remove Clint W. Murchison Jr. and his brother John from the board. The reason for this action, explained the directors of the group, which is controlled by Alleghany Corp., was that the Murchisons refused "to cooperate with the company's finance and law committee...