Word: mergers
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Dates: during 1960-1969
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Depending on upcoming merger plans, today's Radcliffe Commencement could be the last for the College. Mrs. Mary I. Bunting, the last president of Radcliffe, will preside...
...Christian Life and Mission for the National Council of Churches; of a heart attack; in Manhattan. Convinced that "a church immobilized by denominational division just doesn't make sense," Douglass strove for a quarter-century to unite factionalized Protestantism. His most visible success came in 1957, with the merger of the Congregational Christian Churches and the Evangelical and Reform Church...
...corporate-merger warfare, the political counterattack has lately become a favorite weapon. Established companies have been delighted by the many federal investigations of upstart conglomerates and by the Justice Department's legally adventuresome crusade against them. Last week Justice's chief trustbuster, Richard McLaren, struck an unexpected if comparatively mild blow against the business Establishment...
...task force also proposed a "Merger Act" that would bar some large conglomerate takeovers, but not others. Under its complex formula, the Justice Department might have been unable to file some of its recent anti-conglomerate lawsuits, either because the companies were too small or the industry too fragmented...
Getting Out of Hand. In McLaren's view, the great "challenge and opportunity for trustbusters" lies in the area of conglomerate mergers. He charges that his Democratic predecessors, by taking the position that mergers of companies in unrelated businesses were not subject to existing antitrust law, "let the merger movement get clear out of hand." In rapid succession, he has announced actions against three big conglomerates. His trustbusters are contesting Ling-Temco-Vought's takeover of Jones & Laughlin Steel; ITT's acquisition of Canteen Corp. and Northwest Industries' attempt to buy up B. F. Goodrich. Such...