Word: swap
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Dates: during 1950-1959
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...addition a U.S. District Court threw out a suit of Silberstein, president of Penn-Texas Corp., to block the Canadian Locomotive-Fairbanks, Morse stock swap. Ruled Judge Joseph Sam Perry: Penn-Texas "looks like a conspiracy of some type to raid the stock market . . . A slugging operation." After hearing testimony that Penn-Texas still owed $2,300,000 on $4,300,000 it paid for 100,000 shares of Fairbanks, Morse stock, the judge said he had "grave doubt" that Penn-Texas legally owned the shares it claimed. Crowed Bob Morse Jr.: "Obviously, Silberstein has much to learn about legitimate...
PAPER MERGER is in the making. Mead Corp., one of the biggest U.S. producers of magazine and book paper, will take over Chillicothe Paper Co. (assets: $7,240,812) in a stock swap (1% shares of Mead for each share of Chillicothe...
...Edmund (The Student Prince) Purdom, dreamily pinned a flower on his lapel when he flew in from Spain. Both Linda and Purdom are in the toils of divorce, she from Cinemactor Tyrone Power, formerly one of Purdom's closest pals. But Linda squelched tattle that a classic Hollywood swap is in the works. Purred she: "I hope to have a lasting affection for Edmund, but that's as far as it goes." Less than a month after the birth of her second child, Rhett (TIME, July 18), Metropolitan Opera Soprano Patrice Munsel cut a lissome figure in Bermuda...
...indirect one in which the young executive never talks shop, never seems to be selling anything. Instead, he lets things take their natural course, picks up a game in the occasional twosome or threesome, makes polite conversation, may later offer to buy a drink, play a hand of cards, swap a story or two. Meanwhile, his wife is getting to know the other wives, his children are busy making friends in the club swimming pool. Gradually, if he plays a good game, he gets to be known, more people want to play with him, and he expands his circle...
PAPER INDUSTRY is busy with mergers. Crown Zellerbach Corp. (1954 sales: $297 million) has offered shareholders in Gaylord Container Corp. a two-for-three stock swap. St. Regis Paper Co., biggest paper container maker (1954 sales: $200 million), will take over General Container Corp. in a stock trade (2⅜ shares of St. Regis for each share of General Container...