Word: swap
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...ruling still left it up to the lower courts to decide if ICC had observed all of its own regulations for the protection of minority stockholders when it approved the stock swap. But Bob Young could finally breathe easy. If he had lost in the Supreme Court, the retroactive ruling might have cost him control of the Central...
...biggest U.S. lumber producer (but second to diversified Crown-Zellerbach in overall business) into the finished-container field for first time. In face of sagging U.S. lumber sales, Weyerhaeuser will absorb Chicago's Eddy Paper Corp. and New Jersey's Kieckhefer Container Co. in $200 million stock swap, emerge as fully integrated lumber-pulp-container producer, with annual earnings of about $65 million...
...urge to merge. In an antitrust suit filed against Owens-Illinois Glass Co., it asked that the No. 1 U.S. glass-container maker (1955 sales: $370 million) be forced to sell off National Container Corp., the No. 3 paper-container maker (1955 sales: $95 million), acquired in a stock swap last October...
Replied NBC: "A jurisdictional dispute between two agencies of Government, in which RCA and NBC have been caught in the middle." Last December the Fed eral Communications Commission approved the swap as being in the public interest. "Now," said NBC, "another branch of Government is trying to undo the action...
HILTON HOTELS CORP., which already controls three Manhattan hotels (WaldorfAstoria, Plaza, Statler), will take over the Savoy-Plaza early next year. In stock swap, Hilton will give about $15 million worth of its securities for 1,000-room hotel...