Word: mergers
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Dates: during 1960-1969
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Profit said a merger of Reach and PBH would increase the chances for federal funding on two counts...
...Citizen was ailing, Government trustbusters watched suspiciously but did not interfere when the papers adopted the Albuquerque Plan in 1940. In 1965, however, they stopped watching and started acting when the fully recovered Citizen bought out its competitor for $9,999,790. The Justice Department filed suit against the merger and contended that the 25-year operating agreement discouraged competition...
...area. After the 1940 agreement, advertising rates had been raised a dozen times while the papers' profits were increasing. Walsh concluded that joint operation "constitutes a price fixing, profit pooling and market allocation agreement illegal per se under Section I of the Sherman Act." The subsequent merger, continued the judge, represents a "conspiracy to monopolize the daily newspaper business in Tucson," a violation of the Clayton...
Though more bank mergers had been expected, the decision of Barclays and Lloyds to join forces came as something of a surprise. For weeks, the two banks had been negotiating independently to take over Martins, with the most recent speculation in London's financial community favoring Lloyds. But at a time when British banking is trying to streamline itself to meet the international competition of U.S. banks, the larger, three-way merger made obvious economic sense. The prospective partners said in their announcement that pooling their resources would facilitate conversion to fully computerized banking as well as the elimination...
Coming on the heels of the Westminster-National Provincial merger, the Barclays-Lloyds-Martins union will, if both are approved by the Government Monopolies Commission, reshape the traditional Big Five of British banking into a more muscular Big Three. Caught in the middle by mergers involving all four of its leading rivals is Midland Bank, which stands to slip from its present position as the country's second largest bank to a lonely third...