Word: mergerer
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Dates: during 1920-1929
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...Over the question of whether Von Longerke & Detmold, Inc. (349 Madison Ave.) sold more alluring and successful trout flies than Abercrombie & Fitch Co. (360 Madison Ave.). Many a family has been divided against itself. Last week such families were again united, as were the two shops, in a sporting merger...
When the president of a $10,000,000 concern resigns it is usually for one of these reasons: 1) he is old, stockholders demand younger blood; 2) he is inefficient, stockholders demand bigger returns; 3) he is dishonest, stockholders demand integrity; 4) he is unwanted, there has been a merger. But when Fred W. Ramsey, president of the Cleveland Metal Products Co. resigned six years ago he was neither 1) old, his age was 42; 2) inefficient, he had helped his concern to succeed; 3) dishonest, nor 4) unwanted. Having succeeded in business, during a quarter-century of sedulous attention...
...under the White Act, U. S. cable and radio companies may not merge. Surprising, piquant, therefore, was the admission of President Newcomb Carlton of Western Union last week, that he had conferred with Chairman of the Board Owen D. Young of Radio Corp., the subject being a possible, desirable merger...
Lord Melchett returned from Canada, conferred privately and lengthily in Manhattan. Speculators, scorning merger denials, made hasty calculations. Assets of International Nickel total $75,000,000. Together with the Mond company's assets of $40,000,000, the new international nickel trust would be worth between $115,000,000 and $125,000,000. It would control all but a small fraction of the nickel supply of the world. To close the deal, speculators foresaw a split-up of International Nickel common stock, followed by an exchange of both International and Mond stock for shares in the new trust. Trading...
Building. Walter Percy Chrysler has just gained the head of the third greatest motor company by the Chrysler-Dodge merger. He is less individualistic than Mr. Ford, yet is mighty proud of his success and reputation. Last week he started selling mortgage bonds (through S. W. Strauss & Co.) on what will be the tallest building-in Manhattan or the world. It will contain 68 stories, and be 808 ft. high. It will, of course, be called the Chrysler Building and is Mr. Chrysler's personal venture...