Word: mergered
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Dates: during 1920-1929
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...Sweringens' previous tactics had been to gain control of the directorate of the constituent lines and to force approval of the mergers. The minority stockholders, especially of the Chesapeake & Ohio, did not like that. Neither did the Interstate Commerce Commission, which forbade the merger last spring (TiME, March...
Erie and Pere Marquette stockholders waited avariciously for greater inducements; the C. & O. minority, which foiled the first merger plan, remained obdurate...
...effect the merger the North American Light & Power Corp. will be refinanced and then owned jointly by the North American Co. and the Middle West Utilities Corp. But Mr. Studebaker has taken care to retain his individual stockholdings in the light and power company and to remain as its directing head...
...generates is seldom grounded. Small wonder that lately he has been able to let Lord & Thomas carry on largely under its own momentum, with a buzz from him; small wonder that, still well short of 50, he can sit back as chairman of the board in the big new merger and let Thomas F. Logan be the active president...
German Steel. Last week the largest trust in Germany was formed (TIME, April 12)- the United Steel Works, combination of the Thyssen, the Phoenix, the Rheinstal and the Deutsch Luxembourg. Dillon, Read & Co. financed the merger with $30,000,000 to $50,000,000. Fritz Thyssen, son of August who was the great German coal and iron magnate, is chairman of the new company, which will have an annual capacity output of 3,700,000 tons of steel, 2,500,000 tons of pig iron, 8,000,000 tons of coke and 30,000,000 of coal...