Word: templeborough
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...going to give the things away . . . We're after a good price, and we're going to get it." In his first sale last week, Bargainer Morison lived up to his word. In a $3,000,000 deal, he sold two-thirds of the stock of Templeborough Rolling Mills to British Ropes, Ltd. and William Cooke & Co., Ltd., at a higher price ($20.30 a share) than the government had paid for it originally ($19.60, in 3½% government bonds...
...John knows that denationalizing a socialized industry is almost as tough a job as unscrambling an egg. Even after selling two-thirds of Templeborough, for instance, the government still owns half of it. Reason: it still owns United Steel Companies, Ltd., owner of the remaining third of Templeborough; since United also owns half of William Cooke, its own third plus its half interest in Cooke's third totals...
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