Word: merger
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Dates: during 1930-1930
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...later was able to buy control of the Banque Adam, the oldest bank in France. Then his method was the old established one of buying out a number of companies in the same industry-shoe companies were at first his favorite-consolidating them, selling stock in the merger at four or five times its actual value. Came the Wall Street crash and World Depression. Banque Adam, Oustric et Cie and other Oustric companies failed for a total of $56,000,000. Among the many roars of protest from bilked investors it was loudly charged that Raoul Peret, Minister of Justice...
What the ukulele is to Hawaii, the bagpipes to Scotland, the samisen is to Japan. A three-stringed, long-necked banjo with enormous decorative tuning pegs and a square wooden drum covered with white dogskin parchment, it makes a noise something like a ukulele-bagpipe merger. No Geisha girl dares hold up her elaborately coiffed head unless she is adept on the samisen. More samisens are made and sold than any other musical instrument in Japan, yet the samisen industry has felt the World Depression...
...special investigator of New York's magistracy scandals. Shortly before 3 a. m. Lieutenant Governor Herbert H. Lehman came, was hurriedly ushered into the conference room by James Herbert Case, chairman of Federal Reserve Bank of New York, who, for the public good, had previously agreed to head the merger into which Bank of United States failed...
...mergers pending an investigation of holding companies has never left committee, its influence has helped retard all consolidation moves. Last week the I.C.C took a step forward toward its own consolidation plan (TIME, Dec. 30). It ordered Pennsylvania R. R. to get rid of its 48% stock ownership in Wabash R. R. and 30% stock ownership in Lehigh Valley within six months. These holdings were valued at $106,592,757. The I.C.C. declared that the Perm's interest in these other roads was a violation of the Clayton act. Pennsylvania R. R. claimed it bought into these roads...
...young cinema company sponsored by great Radio Corp. of America, bought "certain assets" of the Pathe company. These assets included the crowing cock trademark, the three actresses, the library. They did not include the 49% interest which Pathe holds in the profitable Du Pont-Pathe Film Manufacturing Corp. The merger will do away with an awkward contract under which Radio-Keith-Orpheum houses had to play a certain number of Pathe | pictures yearly. Each company will keep on making and distributing its own pictures...