Word: coppers
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...some ways Medford seems like a throwback to a 1940s movie. The path leading up to the public library is lined with rosebushes. Ask the young waitresses at the Copper Kettle if they can put up a pair of box lunches for a fishing trip, and the reply is a cheerful, "Sure can!" Cars seem miraculously well preserved. There is almost no snow in the valleys of southern Oregon. No snow, no rock salt to eat away fenders and underbodies...
...counterploys of one of the most fiercely contested corporate takeover struggles in history. The boardroom battle pitted a sometime Texas rancher against an aging, ambitious corporate raider who was embarked on probably his last big fight. At stake was control of Kennecott Corp., the nation's largest copper company (1979 sales: $2.5 billion...
Finally last week the feud was settled. Kennecott and Curtiss-Wright, the upstart industrial and aerospace conglomerate that tried to take over the copper company, signed a ten-year agreement preventing either one of them from trying to gain control of the other. Says Erica Steinberger, a lawyer advising Curtiss-Wright: "This is the grand finale, the climax, the end-I hope...
...Government-ordered sale of a subsidiary, Peabody Coal Co., and bought Carborundum Co., a maker of abrasives. As soon as the purchase was made, T. Roland (Ted) Berner, 70, the chairman of Curtiss-Wright, saw an opportunity. He said that Kennecott paid too much for Carborundum and that the copper company should have spent the money for improvement of its antiquated copper mines or distributed it to the shareholders. Berner then spent $75.5 million to buy 9.9% of Kennecott's shares and announced that he would lead a proxy fight to unseat the Kennecott management. If victorious, Berner planned...
...with this select company. Scholars and amateurs alike have been fascinated by both the perfection of the preservation and the skill of the statues' creators, as reflected in such details as the whorls of a beard, the braids of a headband, the shiny, silver-plated teeth and the copper lips, eyelashes and nipples...