Word: merger
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Dates: during 1930-1939
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...about a wild plan to have Florida put up $10,000,000 by popular subscription to build moving picture studios. Last week Presidents Schenck and Kent revealed what they really had talked about by issuing a joint statement which said that plans had been completed for the biggest cinema merger of the year, between Fox and Twentieth Century...
While Fox executives were gloating over the merger at their annual sales convention last week for which the announcement had been carefully timed, United Artists heads were frantically trying to deal with the situation caused by Twentieth Century's departure. A loosely organized group of producers, set up 16 years ago by actors who felt that they were being exploited by their employers, the company's only active producing members now are Sam Goldwyn, Charlie Chaplin, whose new, unnamed "Production No. 5" will be released in August, and Mary Pickford, who plans six pictures next year. In Hollywood...
...only publicly-owned stock in United Electric Light & Power Co., a Consolidated Gas subsidiary, has been owned by the wife of Thomas E. Murray Jr., currently receiver for Manhattan's Interborough Rapid Transit Co. All the rest of the stock was owned indirectly by Consolidated Gas. But merger of United Electric with other Consolidated power properties operating on the island of Manhattan was blocked by Mrs. Murray. Not that Mrs. Murray refused to sell her stock: she obligingly offered it to Consolidated last winter-at $4,500 per share...
...stay in the securities trade, abandoning its deposits. Traditionally railroad bankers, Kuhn, Loeb has lately widened its industrial friendships, particularly in the steel industry. Inland Steel and Youngstown Sheet & Tube have long been clients, and last year the firm assisted President Tom Mercer Girdler with his Republic Steel merger plans. Last week Kuhn, Loeb was preparing to market $50,000,000 of bonds for Ernest Tener Weir's National Steel-a big industrial issue even in Kuhn, Loeb's long records...
Actually the only wiseman from Weirton was Mr. Weir. National Steel was merger of Steelman Weir's Weirton Steel (which lacked adequate ore reserves), Cleveland's M. A. Hanna Co. (which had them) and Great Lakes Steel, whose plants were right at the back door of the automobile industry. Mr. Weir's fellow wisemen were George Humphrey of M. A. Hanna, who is now National Steel's executive committee chairman, and George R. Fink of Great Lakes Steel,, who is now National's president...