Word: murchison
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...worn down his onetime conquerors, he paid $10.5 million to buy 1,000,000 Alleghany shares and regain control. Two Kirby allies bought 600,000 additional shares, picked their opponents clean of Alleghany holdings. The sellers were the very men who had beaten Kirby in 1961: Dallas Millionaire John Murchison, 41, and his brother Clint Murchison...
Last December, muttering that he was "sick and tired of banging my head up against a brick wall," John Murchison sold 1,500,000 of the brothers' shares in Alleghany, plus an option on their remaining 1,900,000 to an ally, Minneapolis Financier Berlin Gamble, 65. Gamble took over as Alleghany president and tried to make peace. When Kirby still balked, Gamble backed out. He sold 1,000,000 of his shares to a Kirby ally, Murray Lincoln, president of Nationwide Insurance Co. Last week, acting as a go-between for the Murchison brothers, Gamble sold...
...NEIL HOSLER McCLOY ANDREW G. McNAUGHTON HAROLD MEDINA RICHARD K. MELLON PIERRE MENDES-FRANCE GIAN CARLO MENOTTI ETHEL MERMAN PERLE MESTA ROBERT B. MEYNER JOSÉ MIRÓ CARDONA RAYMOND MOLEY JEAN MONNET JAMES MORAN DELESSEPS S. MORRISON CHARLES G. MORTIMER LUIS MUNOZ MAŔIN PATRICE MUNSEL CLINTON MURCHISON JR. JOHN MURCHISON ROBERT D. MURPHY JOHN COURTNEY MURRAY...
...would return. Last week it was clear that Kirby was on his way to regaining control of Alleghany, a holding company that controls not only the giant New York Central but Minneapolis' Investors Diversified Services, the nation's largest mutual fund complex (assets: $4.1 billion). For John Murchison, 41, and his brother Clint Jr., 39, the Texas wheeler-dealers who unseated Kirby, Alleghany and Kirby had proved too much to handle. Their relief at getting out balanced any regrets that they had about losing...
Against a Brick Wall. Kirby, who owns 35% of Alleghany shares, blocked the Murchisons' plans at every turn. Last December, explaining that "I'm tired of hitting my head against a brick wall," John Murchison sold a huge block of the Murchison shares to Minneapolis Merchant Berlin Gamble, 65, who then replaced John as Alleghany president and tried to make peace with Kirby. Kirby would have none of it. Caught in the middle, Gamble had no place to go but out, so he agreed to sell his 1,500,000 shares to Murray Lincoln, the president of Nationwide...