Word: mergers
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Dates: during 1950-1959
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...spread across Turkey, Syria, Iraq, Iran and southern Russia. Openly defying Nasser's ban on party politics, Bakdash is publishing a Communist newspaper in Syria. But Barzani remains harmlessly holed up so far in Baghdad-presumably because Iraq's Premier Kassem is resisting Nasser's merger, which suits Moscow's desires...
...Department Stores' St. Louis-based chain of 35 stores, and Robert H. Levi, president of Baltimore's and Washington's Hecht Co., have kept their stores on friendly terms, swapping ideas about retailing trends. Last week the long friendship blossomed: May and Hecht announced a merger of the two chains and termed it "the biggest in retail history." The new company's president: energetic "Buster...
Ready-Made Anchor. For May, the merger was a golden chance to get a ready-made anchor in an economically stable area of the East, integrate May's Baltimore store, which has been lagging behind other May stores, into Hecht's Baltimore operation. Hecht stores, which will continue to use the Hecht name, will hitch their future to the bright May star, getting the advantage of May's huge national purchasing and merchandising facilities and its solid footing in some of the fastest growing U.S. population areas, e.g., Los Angeles and Denver. If stockholders approve-and they...
...merger joins two of the nation's oldest store chains. Hecht was founded as a furniture store in east Baltimore in 1857 by Immigrant Peddler Samuel Hecht, four of whose five sons later entered the business (present Chairman Hecht is a grandson). May Co. got its start in 1878 in Leadville. Colo., a mining boom town where David May, a 26-year-old German immigrant, founded a clothing store. David May spread his stores through the Midwest, and his son Morton J. May, Buster May's father and the chairman of May Co., expanded the chain coast...
Robert D. Gamble '60, President of the Harvard Experimenters, stated that the merger would further strengthen the close cooperation that has existed over the past years between the two groups. Also, the Radcliffe organization will gain official recognition as part of the new Harvard-Radcliffe Experimenters in International Living...