Word: outbids
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Dates: during 1940-1949
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Mutual Life's Lew Douglas set the pace a month ago, when he deplored the fact that his company (along with two others) had outbid the bankers on a $90,000,000 A.T. & T. issue (TIME, Oct. 6). "The trend toward concentrated investment holdings is of doubtful economic and social good," said he. Another reason: if the insurance companies ever have to unload, it will be nice to have some solvent investment bankers around to help the distribution...
...became a trickle, the Pinkham brothers got an injunction restraining the distaff side from "interfering in the conduct of the business." But Lydia was not to be restrained. She pursued a petition for receivership, charged Arthur with mismanagement. Far richer than the Pinkhams, Lydia knew full well she could outbid them should the corporation be placed on the block...
Last week, when Ross's contract was up for renewal, not only Marshall Field & Co., but Wilson & Co., packers, bid briskly for him. But Chicago & North Western outbid them both. This season Norman Ross figures his radio take will reach...