Word: mergers
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Dates: during 1920-1929
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...Michigan, Minnesota, Wisconsin, Alabama and Pennsylvania. With vast steelmaking facilities, it lacks sufficient mills to finish its products. John Alexander Topping is chairman; Cyrus Stephen Eaton a director since last April. Mr. Eaton's joining Republic Iron & Steel was the first definite step towards last week's merger. He is Trumbull Steel's chairman...
...Eaton, a partner in the banking house of Otis & Co. of Cleveland, is heavily interested in the Inland Steel Co. and because the men who control Trumbull Steel also control the Central Alloy Steel Co., it is quite probable that by next spring both those companies will join the merger...
Youngstown Sheet & Tube Co.'s sale of $75,000,000 of bonds through Kuhn, Loeb & Co., again brought that investment house into close touch with the larger U. S. iron & steel companies. Five years ago they tried to accomplish a merger of these six concerns...
...America. Republic Iron & Steel and Inland Steel remained solitary, until last week. Out of the $75,000,000 Youngstown Sheet & Tube borrowed on its bonds last week, it will pay off some $64,000,000 of debts and have more than $10,000,000 to use in whatever merger plans it may fancy. So far its officials admit none...
Tuesday. Breakfast on the train. Registered at the Willard Hotel for a morning of law conferences (the Nickel Plate merger, for the Brothers Van Sweringen of Cleveland, is in his hands). Went to the Supreme Court Chambers at the Capitol. Lunched in the Senate restaurant on pie and buttermilk. . . . Conferred with Assistant Secretary of the Navy in charge of aviation F. Trubee Davison, presiding officer of the Crime Commission; meeting set for next day. Called at the War Department. Secretary Davis at Cabinet meeting. Conferred with General Pershing's secretary, Captain Adamson, about Cleveland's reception for General Pershing...