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...bizarre business takeovers in this year of furious financial raiding, one has raised howls of hearty laughter among Wall Street insiders and others. It is the takeover by Kennecott Copper Corp. (1976 sales: $956 million), the nation's largest copper company, of the Carborundum Co., a Niagara Falls-based diversified firm (sales: $614 million). Reason for the mirth: Kennecott paid the astonishing price of more than $560 million, or $66 a share-twice Carborundum's book value. Many of Kennecott's nearly 72,000 stockholders were sclerotic over the deal. Some had hoped that the company would...

Author: /time Magazine | Title: Business: Kennecott and the White Knights | 11/28/1977 | See Source »

...industrial products ranging from air filters to diesel engine camshafts. It has, along with the Norton Co., a leading position in abrasives-grinding materials essential for all elements of the metal-bending business. The company has great hopes for experiments now being conducted in its new laboratory near Niagara Falls, where it hopes to produce materials that will replace the rare metals that endure high temperatures in turbines and jet engines...

Author: /time Magazine | Title: Business: Kennecott and the White Knights | 11/28/1977 | See Source »

Time has not appreciably weakened the old spellbinder's grip. Man and Superman is 74 years old; yet playgoers at Canada's Shaw Festival in Niagara-on-the-Lake, Ont., are sitting through a 5½hour uncut version of the drama with evident delight. In part, this confirms their good taste, for the production is handsomely mounted, adroitly directed and formidably performed. But it may be due to the fact that these days Shaw fills a newly felt vacuum in the theater. In recent years there have been plenty of playwright absurdists, psychologists, realists or surrealists...

Author: /time Magazine | Title: The Theater: GBS: Holy Terrorist of Iconoclasm | 8/8/1977 | See Source »

...Saturn's Days gawking at chariot races or lion-Christian munch-ins; of the 18th century Londoners who visited Vauxhall Gardens to goggle at fireworks and take in country music; and of the Parisians who in 1817 rode the original shoot-the-chute (it was called saut du Niagara) or gasped at balloon ascents at Ruggieri's fêtes champêtres. Some parkgoers today recall grandparents' tales of the great 1893 Chicago Exposition, which introduced the Ferris wheel; their parents may have courted at Coney Island...

Author: /time Magazine | Title: Here Comes Summer: Pop Xanadus of Fun and Fantasy | 7/4/1977 | See Source »

...foreigners. Of the seven top attractions for visitors from abroad, six are National Parks: Grand Canyon, Yellowstone, Mount McKinley, Redwood, Hawaii Volcanoes and Everglades. Third on the list and the only non-park is Niagara Falls...

Author: /time Magazine | Title: Here Comes Summer: Bumper to Bumper In the Wilderness | 7/4/1977 | See Source »

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