Word: gruen
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Dates: during 1960-1969
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When Riklis' group began buying into Gruen Watch Co. and gained seven seats on the twelve-seat board, a squabble broke out. Riklis got out, saying: "I do not like to fight." His group bought into Cincinnati's Rapid Electrotype Co., a maker of mats and printing plates that was worth $3.800,000 and had liquid assets of $1,900,000. Riklis then issued debentures to raise $6,500,000, used part of it to get the controlling interest in another firm he was acquiring-Chicago's American Colortype Co., a producer of color plates. His next...