Word: mergers
(lookup in dictionary)
(lookup stats)
Dates: during 1960-1969
Sort By: most recent first
(reverse)
...annual meeting of the American Newspaper Publishers Association came to town and provided one ironic footnote after another. While local newsmen were worrying about their jobs, publishers from all over the U.S. were complaining that they had something like two job openings for every available newspaperman. Nor does a merger necessarily mean less employment. Three hundred jobs were lost when the Los Angeles Times folded the Los Angeles Mirror in 1962; since then, the Times has hired 400 more people...
...unions caused them to postpone their plans indefinitely. Though New York's unions are among the strongest and best-paid in the U.S. newspaper business, they showed no signs of compromising their stiff demands. Informed that they would lose roughly 2,000 members as a result of the merger, they insisted on the highest possible severance pay and dismissal of employees on a basis of strict seniority. At one point, the Guild, which represents editorial employees, even demanded that all its members be kept on the payroll for a full year. Inevitably, negotiations bogged down; nor did the intervention...
...merger-minded Litton Industries, each of the 50 divisions draws up an annual "opportunity review," which looks five years ahead at technologies, situations and companies that the firm ought to be getting into. The managers of the fastest-growing firm in U.S. business history judge potential merger mates by three measures, in order of importance: 1) Does the product line fit with ours? 2) Is the management right? 3) Is the price right? One company that seemed made to measure was well-managed and profitable Diebold, Inc., the nation's largest manufacturer of banking equipment, with 1965 sales...
...Diebold shareholders and the Federal Trade Commission approve, as seems likely, the merger should be suitably synergistic. Diebold* will substantially lift Litton's most rapidly rising group-business equipment-which has been built by Litton's acquisition of such companies as Monroe Calculating, Cole Steel Equipment and Royal McBee...
...bought the Institute of Computer Management, a school for computer programmers-of which Litton needs a considerable number. It is also examining 40 to 50 vastly varied firms, including Wilson Marine Transit and other Great Lakes shipping lines. Says Thornton: "We never sit still-before or after a merger...