Word: mergers
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Dates: during 1960-1969
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Charles K. Scott '67, vice-president of the Harvard Club, said yesterday that a merger of the two Republican clubs had been prevented for the last two years because of "certain reactionary elements in the club who didn't believe in women politicians...
...Stephens '68, operations director of the Harvard Republicans, forecasted that the Radcliffe Club, with fewer than 40 members, would be greatly strengthened in a merger with the 402-member Harvard Club...
Under the proposed merger, Radcliffe members would help to write policy reports, to publish the Harvard Republican Review, and would be eligible for executive office. Once passed, the resolution will go into effect immediately...
...first glance, it seemed strange that Kirby and Alleghany President Charles T. Ireland Jr., 44, were ready to trade out of a railroad for whose control they had fought so recently and so desperately. One key to the offer is the upcoming merger of the Central with the Pennsylvania Railroad into a powerful new Penn Central. Alleghany currently holds 14.3% of Central stock; in the Penn Central, however, that share would be diluted to 5.8%. Wrote Ireland in the tender offer: "Alleghany questions the advisability of maintaining almost one-third of its portfolio investments in the stock of a corporation...
...swap proposal, however, has even broader ramifications than the Penn-Central merger. Alleghany long concentrated on railroad stocks, once owned substantial holdings in the Chesapeake & Ohio and Baltimore & Ohio, still has $27 million worth of Missouri Pacific Railroad stock. Now there is more green in other pastures. Alleghany's biggest single holding, worth $2.6 billion, is Investors Diversified Services, a management firm that oversees five investment companies, including the world's biggest mutual fund. Alleghany has also invested in real estate and life insurance companies. What Kirby and Ireland want to do is to free Alleghany from...