Word: mergers
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Dates: during 1930-1939
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...even on circulation, found the advertising competition of Manhattan's tabloids and Hearst's "Brooklyn editions" keen. About two months ago the Eagle and the Times-Union announced a combination rate which gave advertisers insertions in both papers at the cost of one. Last week's merger, no surprise in view of this advertising deal, meant that Publisher Peck was to retire from the newspaper field. Still on his hands was the Times-Union shop, not included in the $900,000 deal because the Eagle's present plant, built in 1930, has ample press facilities...
...wonder of the Southwest. He held lawyers, geologists and physicians in equal scorn and died of overwork in 1930, bequeathing his name to two oil fields, a withered oil town and Slick-Urschel Oil Co. In Oklahoma last fortnight the name Slick disappeared from the oil business through a merger of Slick-Urschel with the new Transwestern Oil of Oklahoma...
...Briggs plants in Detroit is the main works of Motor Products Corp., makers of dashboards, manifolds, mufflers, many another auto part. There is no duplication of manufacture between the companies. Briggs even buys top parts from Motor Products. Last week it was announced that a merger was in the making. Subject to directors' and stockholders' approval on both sides, three shares of Motor Products stock will be exchanged for two shares of Briggs. Combined assets figured on the basis of 1935 year-end statements will...
Motor Products Corp. was founded in 1916 during Wall Street's first big boom in motor shares-a merger of five small accessory companies. After profits in excess of $2,000,000 in 1928 and 1929, Motor Products' income dropped rapidly to a $518,000 deficit in 1932. By 1934 the company was back in the black and last year's profits were $1,079,000. President of Motor Products since 1935 has been Antone Lyman Lott, 50, whose service with the company dates to its founding. A graduate of the University of Nebraska (Class...
Last week in Los Angeles a bigger & better merger brought a smarter oilman than Tom Slick triumphantly into the news. After five years of patient maneuvering, poker-faced Harry Ford Sinclair had got what he wanted in California- a major oil distributing system in that State. He got it by agreeing to share it with silver-bearded Chairman Henry Latham Doherty of Cities Service Co., just as he got his great holding company, Consolidated Oil Corp., on shares with the Rockefellers in 1932. Oilman Sinclair's triumph was the acquisition of working control of Richfield...