Word: mergered
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Dates: during 1920-1929
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...Manhattan last week the developing billion-dollar merger of the Chase National Bank and the Mechanics & Metals National Bank (under the name of the Chase National Bank) seemed catalytic to three other banking consolidations similarly stupendous. Talk on Wall Street was that the National City Bank (the greatest in the U. S., with total assets of $1,215,033,702) was in process of absorbing the Corn Exchange Bank; that the Central Union Trust Co., the National Park Bank and the Chemical National Bank might be driven into union by Clarence Dillon, of Dillon, Read & Co. (he is reported...
...these the union of the Chase National and the Mechanics & Metals is most interesting, not only because the merger is the greatest of such in U. S. history or because their combined assets of $1,025,943,818 will make them the second billion-dollar bank in this country (outranked only by the National City), but because their histories, their traditions and their fields have been so dissimilar...
Last week might well have been called national merger week. Three projects of the first magnitude were set in motion, involving nearly half a billion dollars...
Another food products merger is in progress, headed by the Postum Cereal Co. Having absorbed the Jell-O Co. (dessert jellies) some weeks ago for 80 millions, and an Indiana cake-flour concern more recently, the Postum Co. last week acquired the California Packing Co. for 92 millions and announced that it was but beginning a series of operations which would make that figure and the Postum organazition itself mere drops in the bucket. Wall Street took seriously the thought that there would eventually be a combine between the Postum-made merger and National Food Products. Among companies mentioned...
...Standard Oil Co. of California on the Pacific coast. The price agreed on was $59 cash, or $145,000,000 if all stockholders demanded cash instead of exchange securities, about $165,000,000 if exchange alone was made. Associated Oil, owned by Pacific Oil until the latter's merger with Standard Oil of California, had been an object of great interest to half a dozen bidders, including the Tide Water...