Word: mergers
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Dates: during 1920-1929
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...Insull, Bonbright and North American Power & Light interests as United Light & Power purchasers. Cyrus Eaton is called "rich as Mellon" by Clevelanders. Whenever anything really big seems to be stirring in Northern Ohio, rumors mention his name. Last week's Eaton utility rumor stirred up another, older rumor-merger of Inland Steel Co. (Chicago) and Republic Iron & Steel Co. (Youngstown), both strongly held by Cyrus Eaton...
...Delmar. Thus among great film companies must be ranked Radio Corp., and to the list of cinema tycoons must be added the name of short, stocky David Sarnoff, Radio Corp.'s Vice President and General Manager. Inasmuch as Radio Corp. has in the past conducted many a merger, and since, like all young industries, Talking Cinema is much in the merger state, many have been the rumors that Radio Corp. will soon absorb one or another of its competitors. All such rumors Mr. Sarnoff, just back from Europe, last week denied. He was particularly emphatic in denying published reports...
...Merger. In London last week, the Covent Garden Syndicate merged with the British National Opera, offspring of the old Beecham Opera Company, thus joining the entire operatic forces of Great Britain. The new Covent Garden Opera Company expects a twelve-month season in London and the provinces. Sir Thomas Beecham, who originated the idea, may be included as one of the conductors...
...commencement and reunion last fortnight. Banker John Pierpont Morgan stepped out of his line of march to handshake Governor Franklin Delano Roosevelt of New York. Last week Governor Roosevelt asked his Attorney-General to investigate at once and within two weeks report upon the new $665,000,000 Morgan merger of New York utility companies (TIME, June 24). Reason: It was "a matter of vital concern ... to every householder . . . who uses electric light or power in his home" if, through agreements with friendly companies, the Morgan merged companies would be in such a monopolistic position that "the monthly . . . bills...
...over by President Louis G. Kaufman of Chatham-Phenix. Amadeo Peter Giannini will probably become Board Chairman. Elisha Walker will head the investment affiliate. It is expected that two Brooklyn banks-Traders' National and Nassau National will soon join the Bank of America family. Because news of the merger leaked out prematurely, and because merged banks are hard to christen, no name for the new institution had been chosen last week...