Word: girdlers
(lookup in dictionary)
(lookup stats)
Dates: during 1930-1939
Sort By: most recent first
(reverse)
...Girdler Trusted. "We are amazed!" cried President Tom Mercer Girdler of Republic Steel Corp. last winter when the Government cracked down with an anti-trust suit against his proposed merger with Corrigan, McKinney (TIME, Feb. 18). Just why he should be anti-trusted when his $323,000,000 combination would still leave Republic far smaller than either Bethlehem or U. S. Steel remained a Department of Justice mystery...
...mystery to justify the suit. Denying the Department of Justice's petition for a permanent injunction, he declared: "[The Government failed] to prove sufficiently substantial lessening of competition to warrant a finding of probable injury to the public. . . ." Before proceeding with the biggest merger since the Depression, Steelman Girdler will await a possible, but improbable, appeal. Said he: "We are deeply gratified...
Late last summer when steel operations were down to 20% of capacity. Tom Mercer Girdler boldly announced a $323,000,000 merger of his Republic Steel Corp. and Corrigan, McKinney (TIME, Sept. 10). Steelman Girdler slaved over the registration of $78,000,000 of securities and lined up enough stockholders to assure the deal's success...
Last week in Cleveland without the slightest warning the Department of Justice cracked down with an anti-trust suit to block Tom Girdler's merger. At the same time suit was filed against seven individuals under an obscure section of the Clayton Act, charging interlocking directorships in ten independent steel companies including Republic and Corrigan, McKinney...
Attorney General Cummings denied that the two suits indicated any change in the Administration anti-trust policy, but just what that policy was remained as dark a mystery as it has been in every Administration for the past 45 years. Said Steelman Girdler: "We are amazed...