Word: transitron
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...placed on the market, the first public offering of 1,000,000 shares of Transitrun Electronic Corp. at $36 each was snapped up by investors. Not since the first public sale of 10.2 million Ford Motor Co. shares in 1956 has a stock issue attracted such broad public demand. Transitron quickly jumped to $49 per share in over-the-counter trading, closed the week at $43 per share. To Transitron's owners, David and Leo Bakalar. went $34.4 million for part of their interest in the third largest U.S. semiconductor producer (first: Texas Instruments Inc.; second: General Electric...