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Deal to avert New Haven proxy fight disclosed
A compromise to avert a proxy fight over control of the New Haven railroad was outlined by J Douglas Casey of A C Allyn Co. The plan calls for five independent directors to be elected before proxies are solicited for the April 9 annual meeting, with two current directors likely to be dropped. Casey said independents aim to hire an experienced railroad executive, while confirming the group holds 131,385 preferred shares and paid about eight million dollars in 1955 for them.
MENTIONED IN THIS ARTICLE
New York
New Haven
J. Douglas Casey
A. C. Allyn Co., Inc
Chicago
Casey
George Alpert
Frederick Blackall Jr
Taft-Pierce Manufacturing Company
Woonsocket, R.I
Matthew Hickey Jr
Hickey
R.E. Johnson
Chicago, Rock Island & Pacific
Weal
Casey Group
L.P. Stack
Allyn Firm
American Transportation Enterprises, Inc
Equitable Securities Corporation
John W. Clarke E Co
Robbingon ‘Humphrey Co, Inc
Carl M. Loeb, Rhoades & Co