Word: swaps
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Dates: during 1950-1959
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...cent in cash. (In 1939, he had paid about $3,000,000 for the Journal, another $2,000,000 for its radio station, and $800,000 more for Hearst's Georgian and Sunday American, which he folded.) Last week's deal was a straight stock swap: Howell & Co. exchanged their control of the Constitution properties (valued at $4,500,000) for the non-voting preferred stock in a new corporation that will control the merged papers. Chairman of the board and owner (with his family) of the voting common stock: James...
Coach Howie Hobson's strategy was to swap a few outside shots for possession of the ball, but Hobson apparently hadn't counted on Smith's five completed set shots. The Blue was also caught short by the skill of Gerry Murphy and Dick Covey at spreading out the Eli defense and working the ball into Rockwell or Smith...