Word: swartwout
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Dates: during 1960-1969
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While Evans was buying into Briggs, he picked up the facilities of four firms-Chapman Valve Manufacturing Co., National-U.S. Radiator Corp., Swartwout Co. and Pipe Fabricators. When Briggs directors flatly turned down his offer to buy Briggs outright, Evans (through Crane) bought 21% of Briggs's common stock, the largest single block. He was all set to elect at least part of an "independent board" of his own choice, which was likely to be more amenable to his taking over. But the court found that Evans' attempt to take over Briggs may violate antitrust laws, blocked...
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