Word: millions
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Dates: during 1960-1969
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...causing an alarming tendency for the car to roll over. The car was also vulnerable to side winds that caused unexpected sashays on the road. A redesign of the rear axle and other modifications fixed those failings in 1964. More than 150 lawsuits were filed for more than $25 million in damages...
...took over the wheezing Chicago and North Western Railway in 1956 and surprised skeptical industry veterans by turning the company into a moneymaker. Only four years ago, he began spreading into steel, clothing and chemicals, and later formed Northwest Industries, a holding company. Its sales rose impressively from $260 million in 1965 to $701 million...
...sway Goodrich shareholders, costly advertisements passed the word that not only was Northwest attempting to swallow a much larger company, but it had also reported a first-quarter loss of $3.9 million. Recent ads pointed out that Northwest's stock had dropped from $140 in January, to 81¾ last week, with the result that Heineman's generous original package offer for one share of Goodrich was now worth about $10 less. (Goodrich stock closed last week...
...increase its number of shares outstanding and thus raise the total that Heineman would have to win, Goodrich made a deal with Gulf Oil Co. Last February, Goodrich issued 700,000 new shares worth about $32 million to buy up Gulf's half-interest in Goodrich-Gulf, a money-losing subsidiary. The price was steep, but the deal put 5% of Goodrich's stock into the friendly hands of Gulf's management...
...erect a federal regulatory hurdle for Heineman, Goodrich in March paid about $2.7 million in stock to buy Motor Freight Corp., a Terre Haute-based trucking company that competes with Northwest on some rail routes. Goodrich then petitioned the Interstate Commerce Commission, urging it to rule that Northwest would need ICC approval for a merger...