Word: sales
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Dates: during 1960-1969
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Pure found Union's proposal the most attractive of all. Union suggested an exchange of stock rather than out right purchase; the move would free Pure's 48,000 stockholders - among them, the unsuccessful Loeb, Rhoades -from paying capital-gains taxes on a sale. Unlike Atlantic, which also offered a stock swap, Union appears willing to retain Pure as a separate division with its old brand names and management...
...holder, however, is not impressed. Ship ping Magnate Daniel K. Ludwig, who in 1963 bought 14% of Union stock as a long-term investment, argued that the merger would dilute stock values. He prepared to sell his 4,100,000 shares back to the company for $146 million. The sale will be the largest single private stock transaction since Ford family stock in Ford Motors was sold in 1956, and will leave Ludwig with pretax profits of $45 million...
...impelled by all that genteel exertion. Nor did she refrain from logging the other leisure pursuits of Mrs. E. Sohier Welch, patroness and architect of the bash. In her spare time, reported Society Reporter Curtis, Mrs. Welch crusades against billboards, litterbugs, and "laws that prevent the sale of birth control devices in Massachusetts...
...people or ideas they oppose, a lot of liberal groups want to mute his voice. More than 40 organizations-including the Greater Philadelphia Council of Churches, the N.A.A.C.P., the Philadelphia chapter of the Jewish Anti-Defamation League, and the Roman Catholic weekly Commonweal-asked the FCC to ban the sale of radio station WXUR in Media, Pa., to Mclntire's Faith Theological Seminary in nearby Elkins Park, which trains preachers for his American Council of Christian Churches and other fundamentalist churches...
Nonetheless, to the French, the sale was an irreparable loss of national patrimony. Both the Philadelphia Bathers and the National Gallery's new acquisition were sold from the collection of a staunch Gaul, the late Auguste Pellerin, margarine magnate and one of the original collectors of Cézanne. But French fury focused on Culture Minister André Malraux, who has had the power since 1961 to instigate the refusal of export permits for outstanding works of native art. "Doesn't he like Cézanne?" asked Critic Pierre Cabanne in the weekly Arts. "This painting belonged first...