Word: mergers
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Dates: during 1970-1979
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Finding a Buyer. Acquisitive LTV has expanded since 1957 from an obscure electrical contractor into a $3.75 billion-a-year corporation. Its takeover of Jones & Laughlin in 1968 was the largest conglomerate merger in history. After paying a very rich $85 a share -or a total $425 million for control of the company-Ling has seen his investment tumble by 59%. That Ling would now choose to get out of growth businesses and stay with a troubled company in a stagnant industry seems surprising. But LTV stands to collect some $17.5 million in dividends from J. & L. for last year...
Kagan also said that he sees no reason why coed housing would not be approved for next year even if the merger of Harvard and Radcliffe is not completed before June President Pusey said recently that he does not think that the merger will be accomplished...
...CRIMSON article of February 18, while mentioning that the faculty has voted to defer decision on the Harvard-Radcliffe merger, in fact gives the impression that the Harvard community has already decided that merger would be unwise. Another negative view of merger has just appeared in the Harvard Bulletin. The effect of these articles is to hamper just that thorough discussion that the new faculty committee was set up to insure...
...number of males admitted to Harvard College should not be decreased. Among the groups that have not yet been heard, the undergraduates, both male and female, are the most important. We, as faculty members concerned about all our students, must make a greater effort to understand their views on merger and on its relationship to the quality of their education...
...merger, announced yesterday by Bradley P. Ware '71. president of the new Crimson Key, will "serve both schools, better," Ware said. One of the immediate benefits of the merger will be for prospective Radcliffe freshmen who will now have a brief jaunt through Harvard Yard included in their always inspiring tour of the Radcliffe Quad and Yard...