Word: mergers
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Dates: during 1950-1959
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Earlior this term the two groups began negotiations on a possible merger. The plans called for a joint production this spring in order to let members of the organizations get to know each other...
There are 3,600,000 Presbyterians in the U.S., and they are divided into eleven denominations. Last week members of the three largest took an important step toward eventual merger. At a conference in Cincinnati, delegates from the Northern Presbyterians (Presbyterian Church, U.S.A.), the Southern Presbyterians (Presbyterian Church, U.S.) and the United Presbyterians† put their signatures on a detailed Plan of Union, to be submitted to their respective General Assemblies...
...obstacles to union lie not in the plan but in the heads of Presbyterians. Many United Presbyterians (membership: 220,000) and Southern Presbyterians (membership: 702,000) fear that their churches would be swallowed up by the Northern Presbyterians (membership: 2,500,000) in any merger. Members of the two smaller churches also hold to more conservative interpretations of Scripture and church law than the Northern church, which includes both conservatives and theological liberals...
Gardiner Symonds, 49, second biggest U.S. gas-pipeline operator by volume. Tennessee Gas is paying $8,000,000 to Barber for stock which it bought for $3,100,000. The deal, said Symonds, is the first step toward a contemplated merger of American Republics and Tennessee Gas's oil-and gas-producing subsidiary, Tennessee Production...
...having transformed its property into cash, will continue as an independent investment company. As with any other investment company, stockholders who want to redeem their stock will ultimately be able to cash it in for the $17 net asset value (nearly $2.50 more than its market price after the merger...