Word: reynoldses
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Dates: during 1950-1959
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During World War II General Dwight D. Eisenhower planned the North African and Normandy victories in the London office of the British Aluminium Co., Ltd. Last week the same office was the scene of a crushing defeat for British Aluminium in one of the biggest financial fights in the City...
The fight for British Aluminium began in 1957, when Reynolds and other U.S. metals interests quietly began buying Aluminium shares. Although the company came out of World War II wjth 3.7% of world aluminum production, timid sales policies had cut its share to .9%. But it had a reputation for...
Counteroffer. Convinced that this was too little, Reynolds sent its General Counsel Joseph H. McConnell, onetime NBC and Colgate-Palmolive president, to London to work out a better counteroffer. McConnell got together with Tube, a moneymaker with interests ranging from bicycles to nucleonics, agreed to set up a new company...
Tube-Reynolds brought the fight out into the open by calling in the press to explain its attractive offer. For two shares of Aluminium the new group would pay $10.92 in cash, plus a share of Tube stock worth $11.62-an average of $11.27 vthe $8.40 offer from Alcoa. To...
Though Reynolds' first-place Camel slipped .9% to 63.5 billion cigarettes in the domestic market and American Tobacco's second-place Pall Mall gained 6.4% to 58 billion, American was hurt by a 9.2% dip in sales of its third-place Lucky Strike, to 47.2 billion. Furthermore, neither...