Word: mergers
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Dates: during 1920-1929
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...this request even the most friendly could not respond, for while the letter was on its way, the choleric, anti-U.S. weekly Britannia (TIME, Nov. 5) had failed under the extravagant editorship of Novelist Gilbert ("Swankau") Frankau and was about to lose its identity in a merger with England's popular Eve, according to statements issued by wealthy, wiry William Harrison, owner of both publications and some 25 other periodicals...
Forecast last November (TIME, Nov. 26), vigorously denied ever since, the sale of Germany's Opel Motor Works to General Motors last week became a fact. As in many a domestic merger, the emphasis given denials forecast a deal of large proportions. Thus, last week, no less than three presidents journeyed to Wiesbaden* to sign the contract. They were: the President of General Motors Corp. (Alfred Pritchard Sloan Jr.); the President of General Motors Export Co. (James David Mooney); the President of Fisher Bodies Corp. (Frederick J. Fisher), chief of the seven money-minting Fisher brothers...
Vacuum Oil Co. (its merger with Standard Oil of N.Y. is persistently rumored, loudly denied), $37,659,458, as against...
Last week, rumor linked two old Standard Oil units in a $1,000,000,000 merger. Oldest (1866) of existing oil companies, Vacuum Oil Co. was reported ready and anxious to unite with Standard Oil Co. of New York. As Vacuum makes lubricants (Gargoyle Mobiloil) and Standard of New York makes fuel (Socony gasoline), the two companies do not compete. Hence, the Department of Justice may approve their reunion...
...York so much that it made only $59,592,551 net income in 1928, an increase of $7,282,394 over 1927. These taxes, totaling more than 24 million dollars, amounted to more than 17% of operating costs. Last week's report (the first since the merger with Brooklyn Edison Co.) put Consolidated in the billion-dollar class with total assets...