Word: ownership
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Dates: during 1960-1969
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...both companies' boards and by AMC's shareholders, immediately raised the question of who was swallowing whom. American will pay about $86 million in cash, notes and stock for Kaiser Jeep Corp. The deal will make Kaiser Industries the largest single shareholder in AMC, with 22% ownership and two seats on the 14-man board. But there was no evidence that Kaiser intends to add the auto company to its empire of steel, cement, aluminum and chemical companies (total assets: $624 million). The suspicion in Detroit was that two old friends, Edgar Kaiser and American's Chairman...
...million and an area roughly the same as Tennessee's, East Germany has a gross national product of $31.7 billion. Cameras from the Pentacon works at Dresden compete with Leicas from West Germany. TV sets from East Berlin are sold in the Federal Republic. Per capita ownership of TV sets is even higher in East Germany (211 per 1,000) than in West Germany...
...which Gulf operates in Bolivia as "prejudicial," emulating Peru's recent takeover of the International Petroleum Co., a subsidiary of Standard Oil of New Jersey. Gulf, which now pays Bolivia 30% of its profits and 11 % of the oil it pumps, may be pressured to hand over part ownership of the subsidiary...
...same time, they have long wielded enough power to inhibit rivals from venture investment in Italy. The Italian stock market is controlled by about 20 financial companies of such interwoven ownership that their directors answer mainly to themselves. So few investors care for these conditions that the total value of shares traded on the Milan stock exchange in a year barely equals that traded on the New York Stock Exchange in a week. Worse, the system has begun to bleed Italy of funds that the country needs at home. During the first six months of this year, some $1.5 billion...
...failure was borne by First State's shareholders, who do not enjoy any Government protection and who suddenly found their $860,000 of shares worth nothing. The F.D.I.C. sold the bank's remaining assets under sealed bids, and this week the bank will reopen under new ownership...