Word: mergers
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Dates: during 1960-1969
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...India, should give up its separate identity and become part of teeming Maharashtra state (pop. 39.5 million). The decision was to be made by Goan voters in an "opinion poll" conducted by the Indian government, and the two goddesses did not have the field entirely to themselves. Opposing the merger were the leaders of Goa's 250,000 Roman Catholics, a powerful force in themselves. "Think Goan," pleaded priests from their pulpits, while Catholic politicians of the United Goan Party handed out surplus American wheat to Goans who would swear on a coconut (the local equivalent of the Bible...
Thus, despite the Hindus' numerical superiority, Goans rejected the merger with Maharashtra by a vote of 172,191 to 138,170. In the territorial capital of Panjim, the results were cheered by a crowd of 10,000, who danced in the streets carrying branches symbolic of victory, set off firecrackers, and created such a joyous disturbance that the government had to call in police with tear gas to restore order. Goa is not yet gone...
...Steel, Procter & Gamble and even beleaguered A.T. & T. went up; so did glamor stocks Itek, Scientific Data and Ampex. Where there were big drops, there was an obvious reason. American Broadcasting Co. fell 141 points following an announcement in Washington by the Justice Department that it would oppose the merger of ABC and International Telephone & Telegraph (ITT, on the other hand, finished the week 1 point ahead...
...chain of Inter-Continental Hotels into a highly profitable operation, Trans World Airlines decided to take similar care of its own globetrotting passengers. Last week TWA President Charles C. Tillinghast Jr. and Conrad N. Hilton, chairman and president of Hilton International Co., announced that they had reached a preliminary merger agreement...
...proposed merger of the two companies, which will involve a stock swap and the retention of Hilton's name and penthouse-level management, comes at a propitious moment: TWA is negotiating for rights to new, competitive trans-Pacific routes that would include Tokyo and Honolulu, where Hilton hotels are waiting. Additionally, good hotel accommodations are scarce, foreign-financed hotel construction is stagnant, and by 1970, TWA will have a fleet of cavern-cabined Boeing 747 jets hauling hordes of passengers around the globe. "With more people flying and more planes carrying them," said a TWA spokesman...