Word: mergers
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Dates: during 1920-1929
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Rumors of a $600,000,000 merger involving the Baldwin Locomotive, Westinghouse Electric and Manufacturing, Westinghouse Air Brake, American Steel Foundries, American Rolling Mills and Standard Steel Car Companies were rife in Wall Street last week. Arthur W. Cutten, Chicago grain speculator and Manhattan stock market operator, was reported to have drawn up a plan with the Fisher brothers (Charles T., Fred J., Lawrence P. & William A., Detroit capitalists of Fisher Body fame), for a holding company into which the stockholdings of these recently successful investors would be pooled. A community of interest between six of the most prominent railway...
...Loree Merger. The I. C. C. suddenly ordered Leonor Fresnel Loree to explain why his railroad mergers proceedings in the Southwest were not a violation of the Clayton Anti-Trust law. Mr. Loree had had his Kansas City Southern R. R. buy control of the larger Missouri-Kansas-Texas ("Katy") and the St. Louis Southwestern ("Cotton Belt"), presuming that he was protected by the 1920 Transportation Act of Congress which encouraged the railroads to unify regional systems. Railroad men realized that the I. C. C.'s present gesture towards Mergerer Loree may be an effort to rub away...
...only that, but in London British patriots began to suspect that a U. S. corporation might join the Cooks-Wagons-Lits merger. Of these possibilities Captain Cohn naturally said not a word last week. Instead he expanded on the immediate benefits of merging "Cooks' " into Wagons-Lits. With a bland contented air, Captain Cohn said...
...Through this merger, we expect our profits to increase between ?400,000 and ?500,000, and to effect the savings of another ?400,000 to ?500,000 through elimination of duplication...
...Spender, recently in the U. S. (TIME, Jan. 23). Last week the Westminster Gazette quietly merged with the London Daily News, a more materially potent Liberal daily, which has flourished vastly since Charles Dickens became its first editor, 82 years ago. As the fruit of last week's merger there will shortly appear The Daily News and Westminster Gazette. Survives unmerged, in London, only one Liberal paper, the morning Daily Chronicle...