Word: glens
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Wednesday, November 27 THE BOB HOPE SHOW (NBC, 9-10 p.m.).* Guests: Juliet Prowse, Sergio Mendes, Barbara McNair and Glen Campbell...
...Jockey Club (1941-64) and secretary-general and vice president of the prestigious New York Racing Association (1955-60), who pioneered the nationwide adoption of saliva and urine tests for horses, devised and popularized the photofinish camera; of injuries he suffered in an automobile accident three months ago; in Glen Cove...
...Glen Ellyn...
Enough Schenley stockholders accepted a tender offer to give Riklis' Glen Alden Corp. 88% control of the big distiller (1967 sales: $518 million). Fat with $323 million in working capital, Schenley was a tempting merger plum. As befits Riklis' guiding philosophy-described as the art of buying companies with their own money-Glen Alden is paying for Schenley mostly with promissory paper. For each H Schenley shares, worth about $85 in the stock market, Schenley stockholders get $13 in cash; they also get a $100 debenture that pays 6% annual interest until its 1988 maturity. Riklis can thus...
...rebound principle apparently works in matters of business as well as affairs of the heart. Early this year, when cigarette-making Lorillard Corp. tried to merge with Schenley Industries, it was rebuffed in favor of the Glen Alden Corp. Meanwhile, Loew's Theaters Inc. was scorned when it attempted to merge with Commercial Credit Corp., which opted instead to merge with Control Data Corp. Last week the two losers got together on the rebound. In a complicated swap of Lorillard stock for that of Loew's (value of the exchange: at least $418 million), the two companies plan...