Word: mergers
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Dates: during 1960-1969
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...entity but "a dramatic effect"; all social encounters are theatrical performances. In a marriage proposal, the suitor, who may think that he is swearing his love, "sums up his social attributes and suggests to a woman that hers are not so much better as to preclude a merger...
...line was the product of a unique three-way merger that in 1968 brought together Pacific Air Lines of San Francisco, Phoenix-based Bonanza and Seattle's West Coast. None of the three was big enough to boss the other two, and the result of divided leadership was snarled schedules and fouled-up reservations. The Bank of America, which financed the merger with $54 million and expected its money back by Jan. 1, advised Air West's management to sell the company "before it is no longer at tractive." Meanwhile, no more loans...
...insisted that Air West has enormous potential and that the offer, made through the Hughes Tool Co., was far too low. Says Henry: "We're spread over the richest and most progressive part of the country. You couldn't have a better territory." In deed, since the merger Air West has increased its routes by more than one-third, to 9,982 miles crisscrossing eight Western states and reaching into Canada and Mexico...
...Haven's trustees have been unwilling to introduce costly new equipment until they merge their bankrupt line into a healthy company. The Penn Central was ordered by the Interstate Commerce Commission to take over the New Haven on Jan. 1. While it is trying to delay the merger, it is also negotiating with the Department of Transportation to run the Turbo-Trains on the New Haven tracks...
...London and Paris. A onetime Paris stockbroker who became one of Lazard's most influential partners, Meyer fled to New York when Hitler invaded France in 1940. In the years since, he has helped negotiate some of Wall Street's biggest deals, including the 1966 McDonnell-Douglas merger, for which his firm's fee was $1,000,000. Besides serving as investment banker to such companies as ITT and Owens-Illinois, he is a director of RCA and Allied Chemical in the U.S., Fiat and Montecatini Edison in Europe...