Word: mergers
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Dates: during 1930-1939
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...pencil. To newsmen he gave two similar sheaves which he had carefully copied from the original, fearful of stenographic errors. It was still before 9 a. m. when the news was flashed from Youngstown that Cyrus Stephen Eaton had won, that he had been granted an injunction blocking the merger. When the final history of Steel is written, an important chapter will be that which focuses in the Mid West, which will tell of Mr. Eaton's rise to steel power, of Bethlehem's bold attempt to get a foot hold in this territory, of the antagonism...
Practically all of Mr. Eaton's contentions were upheld. The Court found: That Sheet & Tube's directors had neglected their duty, acted "without necessary information." That the rights of the minority stock holders "were violated because vital information was withheld from them." Of the merger terms, the Court said: Grave doubt as to the adequacy of the consideration exists. "Nothing to say. Thank you very kindly," was the only remark made by Mr. Eaton when he heard the news. Equally silent were the defeated factions who had 30 days in which to appeal, who would not likely give...
...later was able to buy control of the Banque Adam, the oldest bank in France. Then his method was the old established one of buying out a number of companies in the same industry-shoe companies were at first his favorite-consolidating them, selling stock in the merger at four or five times its actual value. Came the Wall Street crash and World Depression. Banque Adam, Oustric et Cie and other Oustric companies failed for a total of $56,000,000. Among the many roars of protest from bilked investors it was loudly charged that Raoul Peret, Minister of Justice...
What the ukulele is to Hawaii, the bagpipes to Scotland, the samisen is to Japan. A three-stringed, long-necked banjo with enormous decorative tuning pegs and a square wooden drum covered with white dogskin parchment, it makes a noise something like a ukulele-bagpipe merger. No Geisha girl dares hold up her elaborately coiffed head unless she is adept on the samisen. More samisens are made and sold than any other musical instrument in Japan, yet the samisen industry has felt the World Depression...
...special investigator of New York's magistracy scandals. Shortly before 3 a. m. Lieutenant Governor Herbert H. Lehman came, was hurriedly ushered into the conference room by James Herbert Case, chairman of Federal Reserve Bank of New York, who, for the public good, had previously agreed to head the merger into which Bank of United States failed...