Word: mergers
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Dates: during 1920-1929
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...died Charles Boldt, chairman of the executive committee of the Owens-Illinois Glass Co. Several hours later was announced the formation of Continental Containers, Inc., a holding company to acquire the stock of Continental Can and Owens-Illinois Glass. Long and arduously Mr. Boldt had worked to bring this merger to pass...
When, seven years ago, the late great Charles Albert Coffin† resigned the chairmanship of General Electric Co. (which he founded by merger, 1892) to Owen D. Young, his practical associates established in his honor the Charles A. Coffin Medal. It goes each year to a railway company which during the year has made a distinguished contribution to the development of electric railway transportation for the convenience of the public and the benefit of the electrical industry. Last week the recipient was the Chicago, South Shore & South Bend Railroad. Electric railway men consider it the most important accomplishment...
...while equally important to bankers is the new personal element. Once a conservative banker could be expected to remain with his institution for years. Now bankers at the convention could scarcely remember whether friends were with the same bank, or whether that bank had been swept away into some merger or whether control of it had passed to some holding corporation and its staff reorganized...
Electric. When the same man is chairman of two companies in similar lines and one of these companies owns a 13% interest in the other, besides having an agreement to give it financial service, a merger in which the first company offers to acquire the remaining stock of the second is not astounding news. Last week this condition occurred when Sidney Zollicoffer Mitchell's Electric Bond and Share Co. offered to exchange its stock for Electric Investors, Inc. While Electric Investors, Inc. is a strict holding company with 87% of its investments in utilities, Electric Bond and Share...
...assembler of hoop skirts, was left jobless by fashion changes. He opened a dry goods store, recorded net sales of $3.63 the first day. In 1928 Bloomingdale Bros. (Manhattan) reached the net sales total of $23,000,000. Last week it finally joined a long-planned department store merger which will consolidate it with Abraham & Straus (Brooklyn-Started in 1865 by Abraham Abraham, who was joined in 1893 by Isidor Straus, chinaware merchant), William Filene's Sons Co. (Boston-Headed by William E. Filene who unsuccessfully sought injunctions to prohibit large stockholders, including his brother, from voting...