Word: transferable
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Book v. Market. The merger will involve a straight stock transfer. Packard shareholders are expected to get one share in the new company for every five they own and Studebaker stockholders to get 12 shares in the combined company for every one of Studebaker stock. The exchange deal was based on the book value of the two stocks. Though Packard's total assets are only slightly less than Studebaker's, the per-share book value of its stock is far less because it has 14,491,000 shares compared to only 2,361,000 for Studebaker. Thus...
Wear & Tear. In San Antonio, held on suspicion of robbery, Robert Middleton asked officials to transfer him from the city jail to the county jail, complained that he was living in unsanitary conditions, had to eat poor food, at night could not sleep because of the noise made by newly jailed drunks...
...Transfer Point. In Los Angeles, Virgil Clopine, suing for divorce, complained that his wife Marie had moved her moth er, her brother, and her daughter by a previous marriage into his six-room house, then started going out nights with other...
...change is part of a general adjustment of Radcliffe prices. It was announced two weeks ago that dormitory board costs for next year will be lowered by 3 percent. Students normally eat in their dorms, but lunch at Agassiz by transfer slips when they wish to stay near the class buildings...
...types of test." Under this agreement the ETS took full responsibility for the forming and administration of the college admissions tests. At the same time, the Board maintained the right to develop all policies for the tests and to serve as the national group responsible for facilitating the transfer between high school and college...