Word: mergered
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Dates: during 1920-1929
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...first step came in 1903, when an Englishman named Fred Lowenadler guided the merger of six factories into the Jonkopings och Vulcans Tandstickfabriks-aktiebolag. Ten years went by before the remaining import companies were led by Ivar Kreuger into the Aktiebolaget Forenade Svenska Tandstickfabriker. These two combines functioned independently until 1917, when they agreed on a cost-saving and letter-saving merger. They became, briefly, the Svenska Tandsticksaktiebolaget. Translated literally, they became the Swedish Match...
...unsuccessful matchmaker, Ivar Kreuger went to the Swedish Polytechnic Institute, became an engineer. Kreuger & Toll started business as an engineering firm. But, when Father Kreuger became involved in serious difficulties, Son Ivar left engineering and turned to matchmaking. His initial success was the 1913 merger. When his combine wedded the Jonkoping group in 1917, Matchmaker Kreuger made the match. He is managing director of Swedish Match, president of International Match, chairman of the board of Swedish-American Investment Corp., and, of course, head of all-controlling Kreuger & Toll...
...George Batten Co., Inc., and the Barton, Durstine & Osborne Co., Inc., had been united in a new company-Batten, Barton, Durstine & Osborne, Inc. Meanwhile, to a group of Barton, Durstine & Osborne employes, Roy C. Durstine, short, wiry, made essentially the same announcement. So was made public the greatest advertising merger of many a year...
Back of Mr. Johns' announcement, back of Mr. Durstine's announcement, lay months of conference, of negotiation. The beginning of the merger came from a brief, an apparently casual conversation between Mr. Johns and Mr. Durstine. Meeting in an advertising convention at Washington, Mr. Johns and Mr. Durstine spoke much as follows...
...other stockholders of the roads, particularly of the "Katy" began opposing the merger. The I. C. C. gave heed. Recently the Commission ordered Mr. Loree to quit the Katy chairmanship. Last week it commanded him to resign his directorship. Reasons: His dual directorship was not in the public or private interests; it tended to nullify competitive activities of the two roads...