Word: clinte
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...paid $10.5 million to buy 1,000,000 Alleghany shares and regain control. Two Kirby allies bought 600,000 additional shares, picked their opponents clean of Alleghany holdings. The sellers were the very men who had beaten Kirby in 1961: Dallas Millionaire John Murchison, 41, and his brother Clint Murchison...
Last week Clint Murchison Jr. holed up on the brothers' private Bahaman island and took the radiophone off the hook; John flew off to Paris. Other Texas financiers, who had stomped their boots in joy when the brothers toppled an Eastern millionaire, were downhearted. More than glory had disappeared with the Murchisons' defeat. A decline in the price of Alleghany from a 1961 high of $15.50 per share to $10.63 at present, and their guarantees to make up any losses suffered by big proxy allies, had cost the Murchisons an estimated $18 million...
...House G.O.P. Conference, says he has received only three letters advocating a tax cut. He reports about 1,000 criticizing the Kennedy Administration's big-spending proposals-but notes that in the past he has had a lot more letters on a lot of lesser issues. Clint Hakel, Minnesota secretary of the liberal Farmers Union, echoed the general feeling about Kennedy's tax cut proposals: "A tax cut isn't very exciting...
...clear that Kirby was on his way to regaining control of Alleghany, a holding company that controls not only the giant New York Central but Minneapolis' Investors Diversified Services, the nation's largest mutual fund complex (assets: $4.1 billion). For John Murchison, 41, and his brother Clint Jr., 39, the Texas wheeler-dealers who unseated Kirby, Alleghany and Kirby had proved too much to handle. Their relief at getting out balanced any regrets that they had about losing...
...known and profitless Handridge Oil Corp., which was controlled by Chairman Guterma and Las Vegas Gamblers Samuel Garfield and Irving Pasternak. Terms: 575,000 new shares of United Dye, worth $18 million, for 575,000 shares of Handridge, whose assets had been bought from Texas Wheeler-Dealers John and Clint Murchison Jr. for a mere $519,000. Remarkably, this deal was approved with a minimum of investigation by the New York Stock Exchange...