Word: mergers
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Dates: during 1930-1939
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During 1929 a great merger wave swept through U. S. banking, causing special activity in Manhattan where many a big combine was effected. With the stockmarket break, an abrupt end came to the move, its finale being the collapse of the National City-Corn Exchange merger. Last week there were rumors of another deal of first magnitude, and bankers predicted that the merger wave will soon be in full force again...
Asked if the time might come when one company alone might control the industry. Mr. Alstock replied, "No, just a short while ago the government instituted suits against an attempted merger of the Warner First National combination with the Fox Loew combine, as the merged concerns, the government claimed, would control 65 per cent of the $2,000,000,000 invested in the business, which is the fourth largest in the country. But the big companies themselves realize the need for strenuous competition. Without it their productions would deteriorate, and a small independent band of good actors who produced...
...sacred as the relationship between iron and steel is the bond between milk and cheese. For this reason Kraft-Phenix Cheese Corp. controls large dairy interests, also sells milk. And for this reason big dairy companies also sell cheese. Yet the first of recent Kraft-Phenix merger rumors concerned not a milk company, but Standard Brands, Inc., which sells yeast, coffee, baking powder. Although this report may have been without foundation, more definite was an announcement that the Reynolds-Hanes interests, which control Kraft-Phenix, and National City Co. had reached an agreement to form a great merger between Kraft...
Kreuger & Toll. Another match monopoly and another bank merger were among the news items of last week in the offices of Matchmaker Ivar Kreuger. The match monopoly, obtained from the free city of Danzig, will last 35 years. To obtain it, Kreuger & Toll paid the city about $195,000. will make small annual payments, will also buy a $1,000,000 6% bond issue at 93. The bank merger was done through the Kreuger & Toll-controlled Deutsche Union Bank of Berlin, consisted of joining the Preussiche Pfandbriefbank (Kreuger & Toll-controlled) and Central Boden Kredit A. G., into the Preussiche Central...
Coal. Long has competition unsettled the coal trade. Last week five coal companies, said to have been unable to agree on merger terms, formed a marketing agreement that will create a centralized agency, eliminate competition among them. The five are Henderson Coal, Continental Coal, Chartiers' Creek Coal, Duquesne Coal and Coke, Superior Mining. Their annual tonnage amounts to over 7,500,000, third only to Pittsburgh Coal and Consolidation Coal, each with about 13,000,000 tons...