Word: swap
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...Subsidy? Dymond's appetite goes well beyond Frontier's present realm. Meeting in Denver's Brown Palace Hotel, the company's stockholders last week approved the stock-swap acquisition of Fort Worth's Central Airlines, a smaller regional carrier that operates in the triangle-shaped area between Denver, Dallas and St. Louis. The combined lines would crisscross 14 Mountain, Midwest and Southwest states, serving a 7,465-mile route system, fourth longest (after United, Eastern and Delta) among U.S. domestic airlines. With the merger, Dymond expects Frontier to become the first of the regionals able...
...stock swap, Boise Cascade acquired Indianapolis' U.S. Land Inc., which thrives by building artificial lakes in northern Virginia or California's Mother Lode country, then selling the land around them for residential and resort use. With the purchase, Boise Cascade became the nation's most thoroughly integrated company in the housing field...
...attacked' or 'angels.' " To Indiana's Dodge Mfg. Corp., maker of power-transmission equipment, Cleveland's Reliance Electric & Engineering Co. has just become an angel. Confronted by an unwanted tender offer from Emerson Electric Co., Dodge two weeks ago worked out a stock-swap merger with Reliance...
...twist and turn in the haggling through coded cables and scrambler telephone calls, personally ordered the U.S. stand on each sensitive deal. The main thrust of those decisions-forwarded to Geneva through the White House Kennedy Round liaison staff with the secret code name "the potatoes group"-was to swap U.S. industrial concessions for lower European barriers to U.S. farm exports...
...River Mills, a medium-sized Virginia textile firm (1966 sales: $281 million), and smaller, North Carolina-based Fieldcrest Mills ($171 million) decided to copy the long-established industry pattern by merging. If stockholders approve a swap of securities worth some $87 million, the merged company will have combined sales of more than $450 million, a strong position as the U.S.'s fourth biggest publicly owned textile company (after Burlington Industries, J. P. Stevens & Co. and United Merchants and Manufacturers), and a new name: Dan River Fieldcrest...