Word: murchisons
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...long-smoldering feud between Texas' Murchison brothers and the management of one of the nation's biggest holding companies flamed last week. To the 23,000 stockholders of Alleghany Corp., which controls both the New York Central Railroad and Investors Diversified Services (the biggest U.S. mutual fund group), went 17-page proxy solicitations from Clint Murchison Jr. and his brother John, in an open bid for control of Alleghany. The Murchisons charged that Alleghany Chairman Allan P. Kirby has let Alleghany's investment policy stagnate (except for an unsuccessful stock-buying race with the Chesapeake & Ohio Railway...
...come at the Alleghany Corp. annual meeting in May in the battle for the $5.5 billion holding company that controls the New York Central and Investors Diversified Services. Eleventh hour truce talks failed between Alleghany Chairman Allan P. Kirby (TIME, Dec. 12) and Brothers Clint W. Jr. and John Murchison. Both sides have already started soliciting proxies...
FIRST-ROUND VICTORY in the proxy war for control of the Alleghany Corp., the holding company that controls the New York Central and Investors Diversified Services, went to Murchison interests. Court ordered Alleghany Chairman Allan Kirby (TIME, Dec. 12) to turn over list of stockholders to Brothers Clint Jr. and John Murchison to solicit support for taking over the company...
...whose assets include control of the New York Central and the $3 billion Investors Diversified Services, the biggest U.S. mutual fund group. Despite this considerable power, quiet courtly Allan Kirby habitually wears the look of a doleful Alfred Hitchcock-and last week he had his reasons. Texas Millionaire Clint Murchison and his two sons, once Kirby's partners in Alleghany (TIME, Sept. 19), are trying to take Alleghany away from him in what was shaping up as the biggest proxy fight in many a year...
...just fade away into legitimate businesses. Last week James Joseph ("Gene") Tunney, 62, world heavyweight champion from 1926 until he retired as an undefeated millionaire in 1928, was elected a director of Alleghany Corp., which is presumably strengthening its corner for a proxy fight with Texas' hard-swinging Murchison brothers (TIME, Oct. 3). In another corner, Rocky (Somebody Up There Likes Me) Graziano, 38, middleweight champion of a decade ago, was named president of a Long Island bowling center owned by New York's Acme Missiles & Construction Corp...