Word: merger
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Dates: during 1950-1959
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...Counties in Ontario and Quebec, a street in Montreal and even towns in far-off Minnesota, Kansas and Missouri bear his name. Frontenac's memory was also perpetuated in Quebec's famed Château Frontenac, by a statue in Quebec City and, until a recent brewery merger, as the brand name of a potent Canadian beer...
...scissors, however, would have to move still faster to close the gap with the financial blade. Last week stock prices continued their eight-month advance. Among the most active stocks were Studebaker (up 2¾ to 18) and Packard (up ⅝ to 4) on reports that a merger of the companies would be announced shortly. The Dow-Jones industrial average rose 1.4 points, closed the week at a new 25-year high...
...Colton, banker and longtime close friend of Labor Leader John L. Lewis and Financier Cyrus Eaton, was elected president of Washington's Hamilton National Bank. Hand-picked by Lewis (whose United Mine Workers just bought control of Hamilton), Colton's election paves the way for the merger of Hamilton and the National Bank of Washington (controlled by Lewis since 1949). The merger would make it the No. 2 Washington bank (after the Riggs National Bank) and provide investment outlets for U.M.W.'s $140 million in reserves, welfare and retirement funds...
...U.S.A. (northern) voted unanimous approval of a plan to unite its 2,581,580-member denomination with two other U.S. Presbyterian groups - the 718,791-member Presbyterian Church in the U.S. (southern) and the 2 2 2,201-member United Presbyterian Church of North America. Next steps in the merger: approval by two-thirds of the U.S.A. Presbyterians' 257 regional presbyteries, similar approval by the General Assemblies and presbyteries of the other two denominations...
...Joseph B. Ely, 73, onetime governor of Massachusetts (1931-35) and a longtime Al Smith Democrat, was elected president of American Woolen Co. of Boston. Ely succeeds Francis W. White, who remains as a director of the company. Ely's job is temporary. If stockholders approve a proposed merger with New England's Bachmann-Uxbridge Worsted Corp., Bach-manh-Uxbridge President Harold Walter will take over on June...