Word: klockner
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...after building a 7-6 lead, things quickly unraveled for the underdog Harvard team, as the Crimson failed to maintain its momentum falling, 14-9, last night at Klockner Stadium...
...government employee who never made more than $9,000 per year in salary in his life. But relatives fighting over his estate discovered him to have a bank account of nearly $35 million. The Indonesian state oil company, Pertamina, has charged in court that two German companies, Siemens and Klockner Industrie, paid Thahir the money in connection with the construction of a $500 million steel mill near Djakarta...
...German Solution For '20 years, Europe has been a good shopping ground for wealthy and resourceful U.S. corporations seeking to acquire other firms. This month one such U.S. corporation bent on buying out a German company was thwarted by a remarkable emergence of national feeling. Cologne's Klockner-Humboldt-Deutz, producer of tractors, diesels and trucks, triumphed over the U.S.'s Inter national Harvester for control of Maschinenfabrik Fahr, manufacturer of West German farm equipment...
...Klockner already had control of 32% of Fahr's stock when, in December, it learned that International Harvester, which last year had sales of $2.5 bil lion, had hinted it might offer Fahr up to $100 for shares valued at $15 on the market. With sales of $335 million, Klockner could hardly match the Chicago company's bid. But neither Klock ner nor the 500 members of the Fahr family and their 4,000 employees wanted an American owner to take over the 98-year-old company. They remembered only too well what happened to Heinrich Lanz...
...delight of their countrymen, the Fahr family agreed on what newspapers proudly trumpeted to be a "German solution." Rejecting International Harvester's generous bid, Fahr accepted Klockner's offer of about $60 a share for enough stock to give it 51% control of the company...