Word: merger
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Dates: during 1920-1929
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...Grain Marketing Co. undertook to operate the leading Chicago terminal levators on lease. Now, however, being unable to fulfill its obligations under the lease, the constituent companies will be turned back to their original owners. Already the Armour Grain Co. and the Rosenbaum Grain Corporation are leaving the temporary merger, with others possibly to follow suit shortly...
...Yellow Cab Manufacturing Co. controls the Yellow Coach Manufacturing Co., (makers of busses) and the Yellow Cab Co.'s in this country. The stock of the Yellow Cab Manufacturing Co. is worth about $28,000,000. The rumor as promulgated in Chicago had it that the merger was to include the omnibus company which controls the Chicago Motor Coach Co., operators of busses and the Fifth Avenue Coach Co. (Manhattan), also bus operators - in which case it would be a $60,000,000 affair and put General Motors into the operating as well as manufacturing business, taking control...
Last week, one of the few of this venerable class announced its passing. Founded in 1764, The Quebec Daily Chronicle and Weekly Gazette, oldest paper in Canada, published without interruption for 161 years, quietly disappeared. The cause: merger...
Whatever has been urged against the proposed Nickel Plate merger, charges of "watered stock" or inflated capitalization have been conspicuous for their absence. In 1924, the five constituent properties (present Nickel Plate, Chesapeake & Ohio, Erie, Pere Marquette and Hocking Valley) showed a combined net income of $34,937,052. This is sufficient to take care of the 6% dividend on the 1,317,150 proposed shares of preferred, and then amount to $17.93 a share on the $150,753,522 of proposed common stock. In a similar way, the earnings of the constituent roads for 1923 would amount...
...Washington, however, the hearings on the Nickel Plate merger are making very slow progress, if indeed they are not temporarily moving backward rather than forward. The Interstate Commerce Commission has recently reopened the proceedings held in January, 1923, whereby the Van Sweringens were permitted to serve as directors on the Nickel Plate, Hocking Valley and C. & O. It is evident from this step, that the old Congressional fear of "interlocking directorates," however obsolete and however inconsistent with a policy of favoring railroad consolidations, is not yet allayed. The minority C. & O. stockholders were greatly cheered over this investigation of ancient...