Word: stocking
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Dates: during 1960-1960
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SWISS-HELD SHARES of Baltimore & Ohio stock are streaming to the Chesapeake & Ohio in the road's fight with the New York Central to gain control of the B. & O. So far, C. & O. has received more than 117,400 shares held by Swiss, who own about 25% of road's shares. In all, C. & O. says it has collected some 750,000 shares-nearly one-quarter of B. & O.'s outstanding stock...
...VIOLATIONS may have been committed by company officers and directors of Chicago's Comptometer Corp. who sold their stock during its recent big rise. Directors and officers sold 32,269 shares of stock without registering it with SEC. During runup of price of stock after announce ment that company's Electrowriter had been successfully tested by A.T. & T. for use on its public lines, four insiders sold 15,600 shares...
COCA-COLA and MINUTE MAID are talking merger. In first major diversification move in its 74-year history, Coca-Cola offers to swap about 900,000 shares of its stock (current value: $59 million) for all of Minute Maid's stock at the rate of 2.2 shares of Minute Maid for one of Coca-Cola...
...Young and Allan Kirby, for control of the New York Central Railroad. An Alleghany financial adviser in the fight was Randolph Phillips, 49, who subsequently fell out with Young and Kirby and the Murchisons, who had helped Alleghany win the Central. Later, Alleghany sold the Murchisons its controlling stock in I.D.S., but Phillips won a court fight that forced them to sell it back to Alleghany, made his peace with Kirby, became an I.D.S. director and was elected chairman of the company's finance and law committee at $30,000 a year...
Phillips started investigating the Murchisons, demanded that they hand over a list of stock and brokerage houses with which they have had private dealings and with which I.D.S. might have done business. The Murchisons refused, quietly fought back. They added to their holdings in Alleghany Corp., giving rise to reports that they intended to try to throw out Kirby, then control both Alleghany and I.D.S. But since Kirby's Alleghany Corp. controls I.D.S., it looked as if the Murchisons would first be thrown off the I.D.S. board...