Word: mergers
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Dates: during 1960-1969
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...sell. Under the 1940 agreement, the now prosperous Citizen had first option: it bought the Star with the explanation that it would resell the paper as soon as a suitable purchaser could be found. At that point, the Justice Department filed suit not only to break up the merger but to nullify the original joint operating agreement as well...
Toward $700 Million. Born only ten years ago with the merger of two sleepy sawmill companies, Boise Cascade has become one of the nation's fastest-growing companies by zealous pursuit of ways to make the most of a tree. To utilize waste wood chips and sawdust, Hansberger quickly expanded into pulp and paper production. He added fine paper making by buying Columbia River Paper Co. in 1962, kraft wrapping paper by purchasing Crown Zellerbach's St. Helens paper division in 1964, newsprint and wood-fiber insulation board by picking up Minnesota & Ontario Paper...
...financial backing, founded their own company. Winning a contract for the systems engineering and technical direction of the Air Force's intercontinental ballistics missile program, Ramo-Wooldridge (TIME cover, April 29, 1957) quickly became one of the U.S.'s most respected "think factories." Its eventual merger with Thompson was a natural alliance of far-out and close-in engineering...
...York Central in 1952, quickly moved up the ranks to become executive vice president in 1962. At Flying Tiger, it won't hurt that he is a licensed pilot who flies his own twin-engined Aero Commander, goes so far as to call his new job a "merger of avocation and vocation." Says Prescott of his new colleague: "This guy is a brain. He's gutsy too. He wants to swing, wants to do things." The way it sounds, Hoffman should fit right in at Flying Tiger...
Whether Justice's trustbusters go along with the ruling remains to be seen. Department lawyers will "read the decision critically." If still unsatisfied, they could take the biggest merger in broadcasting history into federal court...