Word: mergered
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Dates: during 1920-1929
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...associated with Manhattan's newest investment trust, the machine, if adding only to 999,999,999 would fail in its task. For when, last week, Goldman Sachs Trading Corp. merged with Financial and Industrial Securities Corp., ten digits were required to express the resources affected by the merger. True, each of the companies will put into the combine a mere $122,000,000, giving the new company a capital of only about a quarter-billion. But Financial and Industrial Securities Corp., directed by Ralph Jonas, is connected with Manufacturers Trust Co., presided over by Nathan Jonas; and Manufacturers Trust...
Details of the merger were not announced, but the exchange of stocks was doubtless to be on an almost even basis. The new company will be called Goldman Sachs Trading and Financial Corp. It will have for president Waddill Catchings (Goldman Sachs), for vice president Arthur Sachs (Goldman Sachs), for executive committee chairman Ralph Jonas (Financial and Industrial...
...Shipping Merger. Probable sale of United States and American Merchant Lines to P. W. Chapman & Co. inspired a rumor that Mr. Chapman will next proceed to acquire the Munson Steamship Line, ships of which sail from U. S. to South American ports. Both Chapman and Munson interests, however, sharply denied this rumor...
...Textile Merger. Consolidation of Frederick Vietor & Achelis with Peierls, Buhler & Co., Inc., leading textile financing firms, was last week announced by Commercial Investment Trust Corp., which has acquired control of both organizations. Resources of the combined firms total $35,000,000; annual sales are in excess...
American-Standard. Negotiations for a merger of American Radiator Co. with Standard Sanitary Manufacturing Co. of Pittsburgh were last week completed. A holding company will be formed to take over stock in the combined organization on a basis of approximately three and two-thirds shares of Standard for one share of American...