Word: odlum
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...FLOYD ODLUM'S ATLAS Corp., already one of the biggest uranium miners, is growing still bigger. For $7,250,000 Atlas bought more than 50% of the Almar uranium mine through purchase of Almar Minerals Inc., which owns about 15,000 acres with at least 600,000 tons of ore in the Big Indian area of Utah. Total Atlas uranium investment: $37 million...
...FLOYD ODLUM is nearing agreement with Howard Hughes on a deal to merge his Atlas Corp. with Hughes's RKO Pictures Corp., the parent holding company that Hughes retained after selling off its moviemaking subsidiary, RKO Radio Pictures. Under the deal, Odium will issue one share of Atlas stock for each 5% shares of RKO. In return, he will get no plants or production, but some important assets: $15 million worth of U.S. Government bonds and a $30 million capital-loss tax carryover, which Odium can apply against profits in other ventures...
...biggest claim buyer of all is Atlas Corp.'s Floyd Odlum, who bought out Vernon Pick's Delta uranium mine for $9,000,000 (TIME, Sept. 6), is now on his way to gathering up the biggest acreage. His Federal Uranium Corp. will combine his Federal Uranium Co. with six companies (Kentucky-Utah Mining Co., Western States Uranium Co., Interstate Uranium Co., Utida Uranium Co., Howell Mining Co. and Uranium Inc.) holding total claims with an estimated $6,000,000 to $7,000,000 in ore reserves. Much of the new buyers' rush is for Federal...
Atlas Corp.'s Floyd Odlum was in Buenos Aires for the second time. On his first trip, in June, he had proposed only to produce crude oil at Neuquen, 600 miles southwest of Buenos Aires and to build a pipeline to get it out (TIME, June 14). Peron approved, but nationalistic politicians and army officers raised the old cry of foreign exploitation. Odium countered by dressing up his deal with a plan that combines the oil project, an investment company that would put the blocked pesos of U.S. companies to work and-most glitteringly-atomic energy. Under this proposal...
...FLOYD ODLUM, who just completed an oil deal with the Argentine government of Juan Peron, is now discussing the formation of a new holding and investment company, Atlas Corp., Argentina, to push Argentine industrial development. U.S. companies' pesos frozen in Argentina would be used as operating capital at the start, and the stock would be listed on the New York Stock Exchange so that U.S. investors could buy in later...