Word: mergers
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Dates: during 1960-1969
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...right." Not that the threat of the Times seemed to frighten her very much. "I really didn't do too much thinking about it. I've seen so many papers come and go that it really doesn't worry me too much. If we survived the merger of those three papers into the World Journal Tribune, nothing worries me too much...
...Lambury of Northfield, 71, retired chairman of British Motor Corp., world's sixth largest automaker (behind Fiat), who rose from draftsman to managing director of Morris Motors, then in 1938 joined archrival Austin Motor Co., where he became chairman in 1945, and in 1951 engineered the Morris-Austin merger into B.M.C.; of a heart attack; in Gloucestershire...
Bigness is no longer something for which steelmakers of the war-splintered Ruhr have to apologize. With fierce competition in the steel market, mergers to streamline production are becoming a must for survival. For a year now, 29 German steel producers have been coordinating their sales and investments through four regional cartels regarded as laboratories for eventual mergers. Last week two major steel companies, the legendary August Thyssen-Hütte and the oldest Ruhr steel producer, Hüttenwerk Oberhausen A.G. (HOAG), announced merger plans that would make them the world's fourth largest steel company, after...
...sense, virtually all large U.S. companies are conglomerates; U.S. Steel, for example, not only turns out metals but also builds bridges and sells cement. However, in Wall Street parlance, conglomerates are generally those companies that have adopted a diversification-by-merger philosophy as a way of corporate life-and most of them share Harold Geneen's distaste for the term. After all, says Ralph Ablon, who has built his Ogden Corp. into a far-reaching (shipbuilding, metals, processed foods) conglomerate, the word connotes a company with "no unity, no purpose and no design."* To most image-conscious companies...
...accused the company of trying to manipulate the news-and this was especially damaging since a main Justice Department complaint is that ITT's worldwide business interests might encourage the company to influence ABC's public-affairs programming. Justice's other key objections are that the merger would result in a cash drain away from already-strapped ABC (both companies insist that, on the contrary, ITT would be supplying the network with fresh capital) and that it would restrain competition...