Word: bidders
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...plant is Leitz's first in North America since Pearl Harbor, when its U.S. distributing subsidiary was confiscated (the Alien Property Custodian will sell it this week to the highest bidder at an auction from which Leitz is barred). To choose the site, 81-year-old Dr. Ernst Leitz, son of the founder, sent over his 46-year-old son and namesake who thought that Midland, with its lake and nearby rivers, looked enough like Wetzlar to keep the emigre workmen from getting too homesick...
...single lease, up to 15,360 acres in one state. But, added the department, such leases are issued only on lands which are known to be outside of the geological structure of any producing oil or gas field (lands in known fields are sold to the highest bidder, usually oil companies). Said Interior: "Nevada hasn't produced any oil, and so far as we know, doesn't have an oil well...
Going, Going . . . In Berlin, Conn., Mrs. Walcott S. Brown, auctioneer at a rummage sale, discovered too late that she had sold her own coat to a $2 bidder...
...months ago, prodded by Congress, GAP put Schering up for sale. Last week it was sold to the highest bidder, brokerage firms Merrill Lynch, Pierce, Fenner & Beane, Kidder, Peabody & Co., and Drexel & Co., who had joined with more than 70 other investment houses to make the bid. Price: $29,131,960. The high price surprised Wall Street, since Schering stock has a book value of about $26 a share, against the syndicate's bid of about $66. This week the syndicate is splitting the 440,000 shares four to one, will put them in the market at $17.50 each...
...Franco's courts to declare Barcelona bankrupt. Since Heineman's group held all of Barcelona's common shares in Canada, the court ordered "duplicate" shares printed in Spain. Last week's court formality at Reus was to auction off these counterfeit shares to the highest bidder. The only bidder turned out to be Juan March's lawyer, who bought control of the big utility for 10 million pesetas...