Word: mergers
(lookup in dictionary)
(lookup stats)
Dates: during 1930-1939
Sort By: most recent first
(reverse)
...gross comes from golf shafts, fishing rods, snowshoes, skis; another 5% from railway appliances like joint shims and rail anchors. Yet its chief income is from farm tools, in which it handles 60% of the U. S. trade. Last week this business was expanded when a merger with Kelley Axe & Tool Co. of Charleston, W. Va., and Skelton Shovel Co. of Dunkirk, N. Y., was proposed. American Fork & Hoe is a typical large, closely held company. Its assets are near $10.000,000. Its earnings have never been disclosed to a curious public. President and general manager of the company...
...property?" said grizzled old James Anson Campbell, founder-president of Youngstown Sheet & Tube Co. to suave, cool-headed Eugene Gifford Grace, president of Bethlehem Steel Corp., one day last February. Thus informally, according to Mr. Grace's testimony last week, was negotiated the Bethlehem-youngstown merger, to prevent which Cyrus Stephen Eaton of Cleveland, big Youngstown stockholder, has had his lawyers at work for 16 weeks in an epochal fight (TIME, March 24 et seq.). Mr. Grace's testimony supplied many another lively item last week. He told the court that Bethlehem officers last year received...
...Government last week rested its case to prevent the merger of Vacuum Oil Co. and Standard Oil Co. of New York, both offspring of the oldtime huge Standard Oil Co. of New Jersey. Vacuum and Standard reasons for merger are that they must face severe competition in New England and New York from Sir Henri Deterding's Royal Dutch Shell Oil. Testimony showed that Shell's 1929 sales in the district were 7,175,241 bbl. of 42 gal. each. Combined Standard and Vacuum 1929 sales in the same district were more than...
...main Eaton line of attack last week centered on attempts to show that the Youngstown-Bethlehem merger gave Youngstown stockholders no fair deal and that in urging it Mr. Campbell had been strongly influenced by pro-Bethlehem interests. Eaton attorneys emphasized the fact that Henry G. Dalton, who had sat in with Mr. Campbell in meetings with Mr. Grace, was a director of Bethlehem as well as of Youngstown. It was also brought out that Pickands, Mather & Co., ore firm of which Mr. Dalton is a partner and which was active in the purchase of Youngstown stock proxies voted...
...suggested in President Everitt's statement that "we are placing orders for millions of dollars' worth of merchandise at the new low commodity levels." Effects: in Wall Street the fact that the price cuts came on the same day revived months-old talk of a Sears, Roebuck-Montgomery, Ward merger...