Word: mergers
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Dates: during 1950-1959
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...American World Airways President Juan Terry Trippe moved a step closer this week to a goal he has long espoused: a single U.S. airline on the North Atlantic. For $17.4 million, Pan Am took over the assets of American Overseas Airlines. It was the biggest merger in U.S. airline history, and left T.W.A. as Pan Am's only domestic competitor...
Four Stars. Since Radford was a man of charm and an able, forceful lobbyist, he was persuaded by the late James Forrestal, then Secretary of the Navy, to stay in the CNO's office to negotiate the service merger which Forrestal saw was inevitably coming...
...merger will move Manufacturers up from sixth to fifth biggest U.S. bank.† with more than 100 branches, and the largest neighborhood banking service in one city in the world. This new eminence will be no strain on Manufacturers' President Harvey Dow Gibson. In his nearly 20 years as president of Manufacturers Trust, the bank has already swallowed up six smaller banks, and with this merger has boosted its deposits from $219 million to $2.3 billion. Gibson, who works as hard as any of his banking colleagues, and at 68 plays harder than most of them, still finds time...
...Manufacturers-Brooklyn merger will be the biggest New York bank combination in 20 years, but it is not the only one on the fire. Next week the stockholders of the $1.5 billion Bankers Trust Co. will vote on the purchase of the Lawyers Trust Co., only two months after Bankers Trust took over the banking business of the Title Guarantee & Trust...
...will also have something to say. In competition with T.W.A.'s 19 Constellations and five DC-4s on the transatlantic run, Pan Am already has 23 four-engined aircraft flying to Europe. With the A.O.A. merger, Pan Am will take over 17 more four-engined planes...