Word: mergers
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Dates: during 1970-1979
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...most recent bill, however, rejected this merger, keeping the housing and land courts separate from the superior court. Sisitsky called the merger "unwise...
Arena does not like the idea of his former employer muscling in. Says he: "I told Carter Hawley their timing was inappropriate, but they kept pushing." The day the C.H.H. bid was announced, Field filed a suit charging that the merger would violate antitrust law, a standard move in takeover battles. Carter Hawley seems determined to persist, to the point of upping its bid if necessary. Analysts see no way Field can ward off an eventual merger -if not with C.H.H., then with any one of several other big department store companies...
When Lehman Bros, and Kuhn Loeb announced merger plans last week, the proposal engendered much fear and trembling in the financial community. It was an indication that not even the most venerable and standoffish Wall Street houses can withstand the agonies of attrition that are engulfing the brokerage and investment banking business. Some other indications: 384 member firms of the New York Stock Exchange reported total profits for the first nine months of 1977 down 61 % from a year earlier, mostly because of competitive price cutting on commissions; more than 100 firms suffered losses. In the past five years...
...within months became chairman. The aristocratic John Mortimer Schiff, 73, now chairman of Kuhn Loeb, will become honorary chairman, and Harvey Krueger, 48, who is now president, will become chairman of the banking policy committee. But the amalgamation would seem to be more of a takeover than a merger, since the Lehman faction will control seven of the ten seats on the executive board. Moreover, Kuhn Loeb had been signaling for months that it would entertain merger proposals, because it needed capital. Of an estimated $78 million in capital for the combined firm, Lehman is expected to supply $60 million...
...this state-supported urban institution with 19,150 students on two campuses in Richmond, Va. School created in 1968 merger of a medical college and professional institute. New president must be vigorous, politically sensitive manager with stable family life. Need not be outstanding scholar. Mammoth task will include raising academic standards, increasing the budget (currently $ 134 million) and improving the university's image. $50,300 base salary plus extras. Mansion with help; life insurance. Apply Virginia Commonwealth University...