Word: mergered
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Dates: during 1920-1929
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...although the power company may own the bank of the river, the state owns the river bottom to the international boundary, that the state, not the power company will develop power there. In Washington Senator Thomas James Walsh of Montana, prime foe of the "power trust," declared that the merger was a long step toward unified control of the power possibilities of the nation to which the people are "not only indifferent but apathetic." He added: "It is an ominous tale as well to the 40,000,000 people marketing their products through the ports of the Great Lakes...
...other New York state utilities merged with Mohawk-Hudson, extended the Mohawk-Hudson territory west to Buffalo and northeast along the St. Lawrence. The merged company was christened Niagara-Hudson. New York's Governor Franklin D. Roosevelt is said to be dubious concerning the legality of this merger, although his Republican attorney-general has reported it as within the law. Last week's excitement also centred along the St. Lawrence. Niagara-Hudson bought control of Frontier Corp., a company owned by Aluminum Co. (Mellon), General Electric and the du Ponts. One asset of Frontier Corp. is a waterpower...
Margarine is a butter substitute made from vegetable oils. Soap is a cleansing agent also made from vegetable oils. Last week buttery oil and sudsy oil flowed together in a merger of a great margarine company and a great soap company. The margarine company was Margarine Unie, a Dutch concern which, with its British affiliate, Margarine Union, is Europe's largest margarine producer. The soap company was Lever Bros., which, with some 200 associated companies, is world's largest soap maker. Inasmuch as both Margarine Union and Lever Bros, control their sources of raw materials and also operate chain store...
...following table shows the comparative size of the Big Three by assets and by capital, the figures for Chase being as of the completion of the merger, for the others as of June 29. Capital of associated securities companies (whose undivided profits are not disclosed) is not included...
Last week a carnival of full-blown pink blossoms danced on the prosaic financial pages of daily newspapers. The item was a small one in the daily grist of modernism, one more merger in a merging world. It was announced that Carnation Milk Products Co., whose head office is at Oconomowoc, Wis., whose common shares (435,440 of $25 par) sell at about $48 on the New York Curb, had arranged to acquire Albers Bros. Milling Co. of Oregon. Two and one-half shares of Carnation common stock were offered for each share of Albers preferred, two shares of Carnation...