Word: mergers
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Dates: during 1920-1929
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...Lamont is sincere in his statement, and I have no doubt of the sincerity of anything he says, this merger, that has been so feared and dreaded, may prove the most fortunate development in all the years of the struggle between the State and selfish private interests...
...Pool. Merger-shouters predicting a combination of Johns-Manville Corp., Insulite Co. and U. S. Gypsum Co. were wrong last week. Instead, both Johns-Manville Corp. and U. S. Gypsum Co. entered into marketing and distributing pools with Insulite Co., remained competitors of each other. The Manville-Insulite agreement is that Johns-Manville Corp. will use and market Insulite's rigid wall board, insulated against heat (used for partitions, kennels, stage props, mirror backs, outhouses) west of the Alleghanies. The Gypsum-Insulite agreement is to merge their distributing resources in all parts of the world since gypsum, like Insulite...
Last week the National City Bank acquired another title of magnitude, the ultimate title, in fact, of "biggest in the world." Its merger with the Corn Exchange Bank Trust Co. swelled its resources to $2,386,066,401, a total sufficient to nose out the former "biggest," London's Midland Bank, Ltd., by a bare 83 million...
...Commerce Corp. varied 39 points during the day's trading. Other banks' stocks danced, jumped, oscillated. Half an hour after the market closed, the reason for these gyrations became evident. Officials of Guardian Detroit Group and Union-Commerce Corp.?two of Detroit's biggest banks ? announced their merger. Furthermore, the merged bank planned soon to acquire Bank of Detroit and eight smaller institutions in and around the city. With capital assets of $75,000,000, deposits of $350,000,000, the new bank christened Guardian Detroit Union Group, Inc. ? will be largest financial structure in the history...
Last February's event was the merger of Weber & Heilbroner, Fashion Park, Inc., and Stein-Bloch, Inc., into a new company called Fashion Park Associates. Rochester's Rosenberg is President. Weber & Heilbroners Lewis M. Weiller is chairman. The five groups of clothes which Fashion Park Associates will put out are Tailored at Fashion Park, Stein-Bloch, Charter House, High Gate, Tailor Guild. Thirty-two Holly controlled stores will sell them. The net incomes of the three now merged Companies last year totalled...