Word: mergered
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Dates: during 1920-1929
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Everyone knows Fleischmann's yeast, everyone knows Royal baking powder, everyone knows Chase & Sanborn coffee. The coffee company was indirectly included in the merger because Royal Baking Powder has large holdings of its stocks. The holding company which will control Fleischmann and Royal is expected to purchase Chase & Sanborn control. Many another food company was mentioned as likely to join the Fleischmann-Royal combination, especially Campbell Soup, Gold Dust, Postum Co., Inc., Kraft-Phoenix Cheese Corp. Securities of the three companies already merged had last week a market value of about...
...merger was arranged by a committee consisting of Morgan-Partner Thomas Cochran, Fleischmann President Joseph C. Wilshire, Board Chairman Max C. Fleischmann, Royal President William Ziegler Jr. Mr. Wilshire will be president of the new company. The directorate will include Morgan-Men William Ewing and Henry P. Davison. The Morgan interest in the merger was accented by the personal friendship long existing between Morgan-Partner Cochran and Major Fleischmann, and by the Morgan ownership of a considerable portion of Fleischmann stock (estimated at 400,000 shares) purchased...
When Morgan-Men first discussed the food merger, the Fleischmann distributing system was an important consideration. The only rival for speed and regularity admitted by Fleischmann in daily national distribution is the U. S. Post-Office. The only foodstuff rivals are the various milk companies, none of which are nationwide in scope. Fleischmann's yeast is delivered fresh every day to more than 30,000 bakeries and to 250,000 groceries, delicatessens, hotels and other retail outlets. No jobbers are used?delivery is direct from 900 Fleischmann agencies. Fleischmann's operates a transportation subsidiary which has 200 railroad cars...
...fraternal quarrel arose from Filene expansion plans. Having last winter acquired Boston's R. H. White Co. (TIME, Dec. 10), the Filene management next discussed merger arrangements with Abraham & Straus, Inc., of Brooklyn and with F. & R. Lazarus & Co., of Columbus, Ohio. Feeling that the proposed consolidation would submerge individual prominence and kudos, Brother Edward Filene secured a temporary injunction prohibiting transfer of Filene stock to the holding company which was being planned to operate the three stores. He maintained that he had been disregarded in the merger plans, that no merger should be permitted without his having...
...several years the plaintiff [Brother Edward] has arbitrarily and unreasonably opposed . . . well chosen plans . . . approved unanimously by other directors, who repeatedly indulged the plaintiff in many ways because of his past relationship to the business and to one of the defendants." The defendants said that merger plans had been discussed, but had not been finally completed, and did not violate an agreement which Brother Edward said was made with him last July...