Word: mergered
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Dates: during 1920-1929
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Coal. Isaac Thomas Mann, president of the Pocahontas Fuel Co. and chairman of the organization committee of a giant unborn company, confirmed a report last week that the semi-bituminous smokeless coal Hercules would soon be born. The merger will include some 25 or 30 companies operating in Virginia and West Virginia, capable of producing 30,000,000 tons a year. Among the companies considering the merger are Pocahontas Fuel, New River Coal, Consolidation Coal, American Coal, Pond Creek Pocahontas, Gulf Smokeless Coal, Berwind-White Coal, General Coal, Slab Fork Coal, Crozer Pocahontas...
...largest "independent" oil company in the U. S., has total assets of $432,000,000 including 2,400,000 acres of oil lands in the U. S. and Mexico. The California Petroleum Corp., with assets of $98,000,000, has 70,000 opulent acres in California. Reason for the merger: to expand the Texas Corp.'s operations in the Far East in order to compete more effectively against the Standard Oil Co. of New York and the Royal Dutch Shell group. R. C. Holmes is president of the Texas Corp.; Jacques Vinmont of the California Petroleum Corp...
Canadian Milk. Directors of the Ottawa Dairy Co. Ltd. formally approved the merger of their company with the Borden Farm Products Co. of Montreal, which is a subsidiary of the Borden Co. The latter interests in turn control the Borden Farm Products Co. in the U. S., and last week they incorporated at Dover, N. J., another corporation-the Borden Milk Products Co. Inc., for $50,000,000. The newest Borden company presumably will act as holding company for the Reid Ice Cream Co. and J. M. Horton Ice Cream Corp., which the ensemble recently purchased...
Popularly, consolidation and merger are synonymous with each other and with amalgamation, combination and absorption. They all represent the idea of fusion of property, ownership or management of business concerns...
Iron & Steel. Although the Inland Steel Co. of Chicago may join the recent merger of the Trumbull Steel Co. and the Republic Iron & Steel Co. (TIME, Dec. 5), it is also possible that Youngstown Sheet & Tube Co. may buy Inland Steel. President James A. Campbell of Youngstown Sheet & Tube has more than $10,000,000 left of the $75,000,000 received from the bonds which Kuhn, Loeb & Co. recently sold for his company (TIME, Dec. 5) and last week he was bargaining with Inland Steel officials. Said he: "The negotiations have reached a stage that anything might happen...