Word: mergers
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Dates: during 1950-1959
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...fact that we see eye to eye on the mysteries of the incarnation, the redemption and the divine trinity does not make it any easier-or, for that matter, even necessary-that we all nod our heads together when someone mentions the Bricker amendment, fluoridation of water, or the merger of the C.I.O. and A.F.L...
...TEXTILE MERGER will make Dan River Mills one of industry's biggest firms. Dan River plans to acquire, probably by exchange of stock, Iselin-Jefferson Co., majority stockholder in South Carolina's Woodside Mills (1955 sales: $42 million), is also dickering to acquire big Alabama Mills. Deal will double Dan River annual sales to $200 million, put company solidly in synthetic fabrics for first time...
...mining law, later hung his shingle over a tent at Red Lake camp in Ontario's 1925 gold rush. On his return to Toronto, Trebilcock was appointed counsel to the old Standard Stock and Mining Exchange, Canada's key mining market; in 1934 he worked out a merger with its rival, the 104-year-old Toronto Stock Exchange. The concentration of trading power soon pushed Toronto ahead of Montreal, which had traditionally been Canada's financial capital. By 1937, trading volume was so heavy (451 million shares) that the cramped Toronto Exchange had to move...
...MERGER is under way between Owens-Illinois Glass Co. and National Container Corp., both giants in packaging. Plan calls for exchange of one share of National common stock for one share of Owens preferred plus one-fourth share of common stock. In 1955, two companies had combined $466 million gross...
DRIV-UR-SELF MERGER will push Hertz Corp., already dominant in its field (1955 revenues: $39.1 million), into 25% expansion. Hertz is acquiring property of New England's big (5,400 cars and trucks, $10 million annual revenue) Avis Rent-a-Car System from Boston's Richard S. Robie (TIME, March...