Word: mergers
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Dates: during 1950-1959
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Permission was granted by the Radcliffe Administrative Review Board, a committee which must pass upon merger recommendations, for Harvard Yearbook Publications to publish the Radcliffe Yearbook and Freshman Register next year. The new yearbook for Radcliffe will be expanded in length and will have the same format as the Harvard book, with some of the same features...
...Pepsi Merger? After his victory, Perlstein announced that he will take up again a major project interrupted by the proxy fight: merger talks with the Pepsi-Cola Co. Perlstein started the merger talks while the proxy fight was brewing, but Pepsi President Alfred Steele broke off the talks when he saw that the fight was inevitable. Steele, who took over Pepsi when it was floundering and sent sales and profits soaring, apparently felt he could do the same for Pabst; Pabst also stood to gain by Pepsi's crack management and salesmanship...
...Pepsi merger does not work out, Perlstein is thinking of consolidation with some other company. "This is the type of move.'' he says, "that would be quickly beneficial." And even Winner Harris Perlstein recognizes that Pabst needs something beneficial in a hurry...
Thiokol has set its most ambitious expansion for next week: a merger with Reaction Motors Inc., a major maker of liquid-fuel rocket engines (TIME, May 27), owned 49% by Olin Mathieson Chemical Corp. and 23% by Laurance Rockefeller. The merger will give Thiokol all of Reaction's $16.5 million missile contracts, including those for the liquid rocket engines for North American's piloted X-15 plane, which is expected to climb to 100 miles, and may well be the first step to manned outer-space travel. With Reaction (1957 sales: $24 million) Thiokol expects to swell...
...Federation. In significant contrast with Dictator Nasser's balcony-built merger, the Hashemite Kingdoms of Iraq and Jordan last week brought forth a new constitution conceived in careful wisdom and dedicated to the proposition that member nations of the new Arab Federation are best treated equals. By late April both countries will have held elections amounting to a referendum on their federation. Then Iraq's 22-year-old King Feisal, as chief of the federal state, will appoint a premier to name a federal cabinet, and the Arab Federation will be in business...