Word: mergers
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Dates: during 1960-1969
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...Trustees of Vassar College voted yesterday to reject the proposed merger of Vassar with Yale because, as one Trustee said, of "our desire to be mistress in our own house...
Their decision that "the college should remain in its place" overruled the recommendation of the Yale-Vassar Study Group, which in September advocated a merger between the two colleges...
...York Central President Alfred E. Perlman was 55 when he and the late Robert R. Young began serious negotiations with Pennsylvania Railroad executives toward a merger of their lines. Next month Perlman will turn 65, nearing the expiration of his contract with the Central because of age-and still waiting for the Penn Central merger to occur. But at least he is getting closer. Last week, in the latest of a series of legal moves involving the Penn Central, a three-judge federal court in New York told Perlman and Pennsy Chairman Stuart Saunders that they could go ahead...
There was-as in five earlier court battles over the merger-an important "if" to the order. The Penn Central merger has so far been vigorously opposed by other railroads that would be affected, and the judges ruled that three of them-the Erie Lackawanna, the Boston & Maine, and the Delaware & Hudson-should be given immediate homes in the Norfolk & Western. The "if" was that the Norfolk & Western, which wants to hold off acquisition of the three until it has merged with the C. & O.-B. & O., has 15 days to appeal to the Supreme Court. N. & W. President Herman...
...week's special court ruling did at least clear away some legal complications surrounding the link of the Pennsy and Central into the nation's biggest rail system. The court overruled protests by the city of Scranton, Pa., and unsuccessful Pennsylvania Gubernatorial Candidate Milton Shapp that the merger itself would be detrimental. And it left untouched an ar rangement under which the Penn Central, if the ICC approves, would first lend $25 million to the beleaguered New Haven to keep it going; the Penn Central would ultimately acquire the New Haven and maintain its red-inked passenger...