Word: litton
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...merger-minded Litton Industries, each of the 50 divisions draws up an annual "opportunity review," which looks five years ahead at technologies, situations and companies that the firm ought to be getting into. The managers of the fastest-growing firm in U.S. business history judge potential merger mates by three measures, in order of importance: 1) Does the product line fit with ours? 2) Is the management right? 3) Is the price right? One company that seemed made to measure was well-managed and profitable Diebold, Inc., the nation's largest manufacturer of banking equipment, with 1965 sales...
...Diebold shareholders and the Federal Trade Commission approve, as seems likely, the merger should be suitably synergistic. Diebold* will substantially lift Litton's most rapidly rising group-business equipment-which has been built by Litton's acquisition of such companies as Monroe Calculating, Cole Steel Equipment and Royal McBee...
...Answers: yes; amyotrophic lateral sclerosis; Litton Industries; Massachusetts; Alaska...
...Rich Mix. In the mixing process, Lehman's partners have enriched both their clients and their firm. When Charles ("Tex") Thornton and several associates quit Hughes Aircraft in 1953 to acquire Litton Industries, Lehman raised $1,500,000 for them. In return, the firm got 75,000 shares of Litton stock-for 100 to $1 a share. Last week, after three splits and seven stock dividends, each of those 75,000 shares was worth $737-though the firm has by now sold some of them. Lehman has also enhanced its growth and prestige by creating two of the largest...
...buying or selling mood. Each of the major investment bankers commonly has partners on 50 or more corporate boards, also raises capital and sells financial advice to perhaps 100 important companies and has contacts with hundreds of other firms. These bankers know that such companies as Litton Industries, Textron, I. T. & T. and Genesco are so eager to expand that they have set up staffs of their own to search out possible merger mates. They also know that the cigarette manufacturers want to acquire food, beverage or candy firms as a hedge against the cancer scare; last week, for example...