Word: sharing
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Dates: during 1960-1969
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...coal, oil, iron and bauxite fields, the trip turned out to be less than a happy inspection. The assessments that the fields are among the world's richest new natural resources are fair dinkum. But at each stop, when Gorton asked his hosts about the Australian share in their projects, the answers were disheartening...
...companies in consortium. Mount Goldsworthy Mining Associates, which ships 4,000,000 tons of iron ore to Japan annually, is 8% Australian and 92% British and American. The only large project in which Australians hold a majority interest, Gorton was told, is the Mount Newman iron mines, where their share...
...which, thanks to its listing on the New York Stock Exchange, has readier access to Wall Street money. Even so, Wellman had to offer investors some tempting bait. They will pay substantially less than the current market price for the Lytton stock, which closed last week at $11.50 a share...
...Rich. Whatever caused last week's retreat, the merger had drawn one strong and perhaps decisive negative vote from Wall Street. On the basis of tentative financial terms announced by the two companies in September, Xerox was setting the value of C.I.T. at something like $70 a share-a bit rich, in the view of many securities analysts, for a stock that had been trading at around $45 a share...
...only tarnish Xerox as a glittering growth stock. At any rate, there were palpable signs of stockholder relief when the deal was finally dropped. In the first day of trading on the New York Stock Exchange after the announcement, Xerox was bid up 6½ points to $277.25 a share...