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...contracts are worked off, ACF-Brill will have upwards of $10 million in working capital, which Foremost can use for further expansion. But Wall Streeters suspected that a very important reason for the merger was similar to that which had encouraged Floyd Odium to consider buying money-losing Kaiser-Frazer Corp.: the advantage of taking over a company's past losses to offset the buying company's excess profits taxes (see Taxes). ACF-Brill, with $25 million in invested-capital tax base and some fat losses (a three-year total of $5,569,583) to its credit, would...

Author: /time Magazine | Title: MERGERS: The Wayward Cow-Bus | 5/19/1952 | See Source »

...drawing board. After Korea, it worked hard to broaden its production base. In some cases, the Air Force deliberately paid more for planes just to get a new assembly line tooled up: e.g., the first two troop-carrying C-ngs to roll out of the new Kaiser-Frazer plant cost $1,000,000 apiece, as compared with the $314,000 price at the parent Fairchild plant. Said a production engineer last week, expansively waving aside Vandenberg's estimate of two years: "If they say 'go' today, a rate of 100,000 planes a year would be possible...

Author: /time Magazine | Title: ARMED FORCES: The Warning Siren | 5/12/1952 | See Source »

...past four years has gone into capital improvements. The area under irrigation has doubled, the soil planted to vegetables tripled, the number of tractors on farms increased sixfold, a merchant marine of 34 ships of 120,000 tons created from nothing. Factories like Philco refrigerator and Kaiser-Frazer have sprung...

Author: /time Magazine | Title: ISRAEL: Ein Braira | 5/12/1952 | See Source »

Chairman Floyd Odium waved gaily at familiar faces. Everybody relaxed under Odium's charm and talked of the Big Deal, Atlas' purported merger with Kaiser-Frazer, which had kept Wall Street and Los Angeles abuzz for three months. Now they expected to hear all about it from the master financier...

Author: /time Magazine | Title: CORPORATIONS: Wall Street Picnic | 5/12/1952 | See Source »

...first glance, said Odium, the proposed deal had looked attractive. There were reasons why it should: Convair could use K-F's big Willow Run plant to make aircraft; in peacetime, it could make automobiles; moreover, Kaiser-Frazer had piled up some $49 million in losses which the merged companies could use as an offset against Convair's excess-profits taxes...

Author: /time Magazine | Title: CORPORATIONS: Wall Street Picnic | 5/12/1952 | See Source »

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