Word: merger
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Dates: during 1920-1929
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...firearms expert.* He knows what is coming to him and he wants to be sure that he will get it. He owns 100 shares of Dodge Brothers preference stock, for which he is eventually entitled to receive $105 a share. But, according to the terms of the Chrysler-Dodge merger, one share of Dodge preference stock is exchanged for one share of Chrysler common. Last week, the market value of Chrysler common was in the vicinity of $70. Col. Goddard, acting with the approval of several other minority stockholders, went to the Supreme Court of New York and obtained...
...Detroit where Packards are made, President Alvan Macauley of the Packard Motor Car Co. wrote a letter to stockholders. He wanted to tell them that Packard is Packard, that it performs with distinction for distinctive individuals, that it will always do so. Wall Street, inspired by the Chrysler-Dodge merger, had been talking about more mergers and Packard had been mentioned. Here is what President Macauley wrote...
...very definitely, we do not intend to lose our identity through any merger, combination or consolidation now or hereafter...
Studebaker-Pierce-Arrow. The board of directors of the Studebaker Corp. were to meet at South Bend, Ind., to consider a merger with the Pierce-Arrow Motor...
...Nash Motors Co. at Kenosha, Wis., also has been in merger discussions. But doughty President Charles W. Nash has been "sitting tight," saying nothing. Last week he let it be known that behind locked gates and doors his engineers are redesigning the Nash motor and body to improve speed and chic of present models...