Word: merger
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Dates: during 1920-1929
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...meeting to arrange a merger between Royal Dutch Shell Oil and Standard Oil of New Jersey. And, for good measure, even the Anglo-Persian company might be included in the breath-taking consolidation...
...dull market, common stock of the Chrysler Corp. and preference stock of Dodge Bros., Inc. assumed leadership, soared 10 points in a single session to new high levels for all time. Wall Street debated: Could the Chrysler-Dodge combine threaten General Motors supremacy? Commenting on results of the merger, E. F. Hutton & Co. noted: "Chrysler obtains a second dealer organization of 6,000. It thus becomes the only automobile company in a position to compete with General Motors in the latter's highly successful plan of a separate dealer organization for cars selling in different price groups...
Studebaker-Pierce Arrow. Stockholders of Pierce Arrow Motor Car Co. met, last week, to approve plans for an alignment (not a merger) with Studebaker Corp., bringing together companies with total assets of $200,000,000, making the fourth largest manufacturing unit in the industry. Studebaker will invest $2,000,000 in a reorganized Pierce Arrow company, call upon its selling organization to increase Pierce Arrow production to 15,000 cars yearly...
Died. Eugene Levering, 82, onetime (1878-1921) president of the National Bank of Commerce (Baltimore), and after its merger with the Merchants National Bank, chairman of the board, trustee and patron of the Johns Hopkins University, ofttime contributor to the Anti-Saloon League; in Baltimore. His twin brother, Joshua Levering, was the Prohibition party's nominee for the presidency...
Memorable, last week, was the completion of the merger of Dodge Bros., Inc., with the Chrysler Corp. (TIME, June 11), largest consolidation in automobile history. Memorable in the history of Wall Street, Grand Canyon of the G. O. P., was the unfurling, last week, of the first Democratic campaign banner "in 44 years. Truckman James J. Reardon, Al Smith musketeer, inspired the display. The Lower Wall Street Business Men's Organization* sponsored it. Memorable for employes, stockholders, of the General Motors Corporation, its divisions, subsidiaries and affiliated companies, were announcements of record profits, record employe insurance...