Word: mergers
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Dates: during 1960-1969
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...Case and Western Reserve, which have occupied adjacent campuses for 83 years, the merger brings benefits far beyond the prestige that comes with increased size. It makes for better overall balance by pooling the respective strengths of each school-notably medicine for Western Reserve and engineering and physics for Case. It creates more muscular academic departments, including 45-member faculties in both chemistry and physics. And the federation, as their get-together is officially called, also eliminates the competition between Case and Western Reserve in raising funds...
Thus last week was born a new Chris tian denomination. Product of the largest merger, in terms of total numbers involved, in the entire history of American Protestantism, the new body has a combined membership of slightly more than 11 million (10.3 million Methodists and 745,000 United Brethren). It thus becomes the U.S.'s second largest Protestant body, outnumbered only by the Southern Baptist Convention...
Last week Israel made it clear that private enterprise would be welcome. Finance Minister Sapir drew cheers when he announced a two-year wage freeze and such investment inducements as tax breaks, merger assistance and even credit for apartments purchased by foreign businessmen. To show that he means what he said, Sapir also put four state-owned banks, plus the country's electric utility company, on the block for sale to private investors...
...Haifa would be. They are just as proud of their achievements and their culture as the Israelis are. Perhaps they are more proud: as Palestinians they feel superior to other Arabs, particularly to those of Trans-Jordan, with whom they became united in 1948 in a rather uncomfortable merger. The Palestinians often refer to the Trans-Jordans, some-what condescendingly, as "nomads...
...will be offered a package of cash, long-term debentures and warrants for their stock. The terms were hardly made known when last week three irate Schenley stockholders brought suits to block the deal. Among their charges: that Riklis would merely raid Schenley's treasury to recoup the merger costs...