Word: murchison
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Dates: during 1960-1969
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...Texas victory was the payoff on a cool gamble in which the odds at first seemed to favor the tough and elegant Kirby, heir of one of the founders of the F. W. Woolworth Co. Last year Kirby maneuvered the Murchison brothers out of control of Investors Diversified Services, the nation's largest (assets: $3 billion) complex of mutual funds, and returned control to Alleghany. Encouraged by their wily father, Oilman Clint Murchison Sr., 66, the young Murchisons replied by opening a fight for mastery of Kirby's Alleghany itself...
...Henry Ford, with his hatred of "the Eastern bankers," would have been delighted. Flushed with consciousness of its mounting financial power, Texas had challenged a Wall Street titan to the biggest proxy fight in U.S. history. Last week Texas-in the persons of John Murchison, 39, and his brother Clint Jr., 37-won the day, snatched control of Manhattan's giant Alleghany Corp. away from Multimillionaire Allan P. Kirby...
From a temporary Manhattan headquarters, staffed with secretaries from Dallas, executives who had been called in from Murchison enterprises all over the U.S. directed the fight with a quartermasterly eye for organization. The U.S. was divided into 80 zones, and dozens of Murchisonians were sent to canvass Alleghany shareholders in each area. An IBM computer kept a running count of the committed proxies; each scrap of paper that might offer a clue to the Murchison's strength or strategy was burned lest it fall into enemy hands. So zealous were Murchison solicitors that even after the final voting began...
...Uganda, where the Nile swirls through the game preserves of Murchison National Park to Lake Albert, fishermen go for Nile perch, a predator that weighs as much as 160 Ibs. in the river and 300 lbs. in the lake. Three-day excursions can be booked with East African Airways from Entebbe to Queen Elizabeth Park (cost: $78) or Murchison Park ($86), and there is an assortment of river, rail and car trips that provide closeup views of the animals. At Murchison travelers can take the "Royal" cottages (where Britain's Queen Mother Elizabeth stayed two years/ago) for $7.25; overflow...
ALLEGHANY BOUT goes into the final round with the count about 3,300,000 common shares held by Chairman Allan P. Kirby and 2,600,000 by the Murchison Brothers. Decision on who will control the giant holding company that controls the New York Central and $3 billion in investment funds will go to side that can muster most proxies, at the May 1 annual meeting, from the remaining shares held by other stockholders...