Word: clint
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TEXAS OILMEN Clint Murchison and Sid Richardson, who own 80% of Kirby Petroleum Co. (120 wells, three plants in seven states), are negotiating to sell the company to Continental Oil Co. Conoco, which operates in 26 states and Canada, has offered $26 million for the company, would pay $10.20 a share plus all accrued dividends for 500,000 preferred shares, $34 a share for 593,000 shares of common stock...
Texas Oilman Clint W. Murchison, who likes nothing better than a big, complicated deal, last week stepped into a real brain-twister. In the process, the big wheeler-dealer hoped to get his first listing on the New York Stock Exchange...
...Hilton-Statler combination (TIME, Aug. 16). So do changing business tides. The Paramount Theatre chain, making money in a troubled industry, was a natural to combine with American Broadcasting, which was losing money in the promising new field of television. One of the reasons advanced for Oilman Clint Murchison's current interest in Follansbee Steel (see Tycoons) is that the steel company has a listing on the New York Stock Exchange, something that Murchison has never...
...Country Singer Eddy Arnold on hand to greet viewers and help show the folks around the place. The cameras ranged nearly everywhere: to the dairy barn to watch the milking; to the front yard, for a talk with Mother Landmeier and her healthy youngsters; to the barnyard, where Weatherman Clint Youle spoke of the crops and elements ("In Georgia and Virginia, the pecans are doing pretty well"); and too frequently to tireless Eddy Arnold, who will twang out a li'l song at the drop of a cornball. The chief trouble with the show, in fact, is that...
When Texans Clint Murchison and Sid Richardson bought 800,000 shares of New York Central Railroad stock last March, it did not look as if they would hang on to it very long. The deal gave them the right to sell half of it back to Robert R. Young's Alleghany Corp. and to Young's crony and financial angel, Allan Kirby, at the same price they had paid: $25 a share. Last week they did sell a big chunk of the stock. Richardson sold 200,000 shares to Kirby, thus repaying the $5,000,000 that Kirby...