Word: forli
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Dates: during 1950-1959
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STUDEBAKER-PACKARD merger with Oliver Corp. will bring S-P into the farm-equipment business. S-P proposes to buy Oliver for $83 million, giving Oliver stockholders 7/10 of a share of Studebaker-Packard for every share of Oliver, plus $15 per share in cash.
ALLEGHANY FIGHT is heading for showdown after compromise attempts failed. Chairman Allan P. Kirby has withdrawn offer to give Boston Financier Abraham Sonnabend a seat on Allegheny's board, will not extend a second otter to buy 200,000 shares of stock claimed by Sonnabend, and challenges him to...
MILITARY PROCUREMENT will be drastically changed after Jan. 1. The Army will buy all general supplies for the three military services, and the Navy will purchase all industrial materiel.
Curtiss-Wright Corp. and its Chairman Roy T. Hurley are having their woes in the business of making aircraft engines, but when it comes to press releases, they fly high. Month ago, with sales down from $599 million in 1957 to $389 million in 1958 and still slumping, C-W...
The news brought only a statement from NSU that it was working on such an engine, which "still requires much research before it can become a commercial proposition." Privately, the Germans were furious; they claimed that the engine was their invention, that C-W had helped with development funds, and...