Word: offing
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Dates: during 1970-1970
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Behind the euphemisms, Du Pont managers are plainly worried. Many stockholders share their concern. Though Wall Street still considers the company to be among the bluest of blue chips, Du Pont shares have dropped from $261 in 1965 to last week's $106.
Stunted by Success. Growth seems stunted by past success, company policy and the Justice Department. Du Pont's old flair for turning the test tube into a horn of plenty made it the 15th largest industrial company in the U.S., with $3.5 billion in sales in 1968. From this...
The company has spent generously on drug research for two decades, but its first really promising product, an oral flu-preventive pill called Symmetrel, has been a commercial flop since it was introduced in 1967. Reason: Du Pont lacked both expertise and a sales force for drug marketing, and one...
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This month, in an important new move, Du Pont expects to complete its first domestic acquisition in a quarter of a century. It will acquire Endo Laboratories, a small Long Island-based pharmaceutical maker (1968 sales: $22 million). Du Pont is obviously buying marketing flair, not volume. "We need Endo...