Word: mergers
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Dates: during 1960-1969
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Such major-league conglomerates as ITT, Litton and Textron are veterans on the playing fields of corporate acquisition. But last week's biggest merger news came from a relative rookie...
...proposed $80 million deal for the potentially profitable company would put Scharffenberger in fo'c'sle-to-fo'c'sle competition with another Litton alumnus: Walter Kidde & Co. President Fred Sullivan, who last month won ailing United States Lines' consent to a merger...
...questions that Schleiermacher made pioneering attempts to answer. As one of the first thinkers to study the cultural setting of Biblical writings, he was the forerunner of modern critical scholarship on Scripture. Convinced that denominationalism had outlived its usefulness, he was an embryonic ecumenist and worked to achieve a merger between Germany's Reformed and Lutheran churches. "People are learning," says Schubert Ogden of Southern Methodist University's Perkins School of Theology, "that Schleiermacher was the first great theologian to articulate a reinterpretation of Christian tradition in reference to modern life...
...Woodstock decision was not only the latest and most significant example of ecumenical merger involving U.S. seminaries (TIME, Dec. 29); it also indicated the extent to which Roman Catholics are now interested in gaining the benefits of a Protestant theological education. Yale Divinity School now has 15 Catholics among its 325 students, while the Methodists' Wesley Theological Seminary in Washington D.C. with an enrollment of 248 has 35 Catholic students. Harvard's nondenominational Divinity School counts 33 Catholics in its enrollment of 350. The most striking increase is at the University of Chicago Divinity School, where the Catholic...
Oliver Brooks, director of the Harvard-M.I.T. supported Cambridge Corporation, characterized his role as that of "impartial negotiator" in the merger. He refused to comment on any difficulties remaining between PBH and M.I.T...