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Bridgeport Telegram in Bridgeport, Connecticut

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This newspaper page contains 11 articles. Subscribers can read the full text of each article.

Newspaper

Bridgeport Telegram

Location

Bridgeport, Connecticut, United States of America

Date

Mar 28, 1967

Page

31

Auto output in early 1967 falls 25 percent behind last year

U S auto industry reports a disappointing first quarter with January to March output near 1,882,000 units, about 25 percent below the 2,495,224 produced a year earlier. Bad weather, weak sales, and labor disputes slowed production across major firms including American Motors.

Detroit U. S American Motors New York American Iron and Steel Institute

Kellogg Plans 60 Million Expansion Across US and Abroad

Kellogg Co. announces a $60 million expansion plan over three years. President Lyle Roll says funds will be split evenly between the United States and foreign operations including Great Britain, Germany, Denmark, Canada, and Australia to support growing demand and boost first-quarter 1967 results.

Battle Creek Mich Kellogg Co Lyle Roll United States Great Britain Germany Denmark Canada Australia Roll Kellogg

Merger Contemplated By Insurance Firms

Great American Insurance Co and Security Insurance Co of Hartford Conn announce merger talks in early stages. Board chairmen say discussions are preliminary and no conclusions expected for weeks.

NEW York Great American Insurance Co. and Security Insurance Co Hartford, Conn

Portrait Now: Capture His Prized Years in Fine Portrait

The message urges securing a professional portrait to preserve a man’s evolved wisdom and strength with age. It highlights confidence in the subject and invites the reader to arrange a session to commemorate his proud years for eternity.

McDonnell Proposes Merger Vote With Douglas Aircraft

McDonnell announces it owns 26.8 percent of Douglas capital stock and will vote in favor of the merger proposal. A two thirds majority is needed for approval. The merged firm would issue 8,717,921 McDonnell Douglas common shares to Douglas holders. James McDonnell would chair both companies and David Lewis would chair Douglas.

McDonnell Douglas Capital ST. Louis McDonnell Co Douglas Aircraft Co Douglas James McDonnell and McDonnell Douglas James McDonnell David Lewis

New York Banks Cut Prime Rates In Broad Move

BunUA LUG Imus Sangcoe announced rate reductions effective immediately by New York banks. Chase Manhattan Bank of New York lowered to 5 4 percent from 6 percent late last January. Morgan Guaranty Bank of America and others followed with cuts from 53.4 percent to 5.0 percent.

Bunua Lug Imus Sangcoe New York Chase Manhattan Bank of New York Morgan Guaranty Bank of America of San Francisco

Mack Directors Reject White Consolidated Merger Offer

Mack Trucks directors stated they found no basis for a merger with White Consolidated Industries and said a merger would not be in the best interests of Mack shareholders. The decision followed White Consolidated's formal offer at the start of March to negotiate a merger between the two firms.

NEW York Mack Trucks, Inc White Consolidated Industries, Inc Mack White Consolidated

Rockwell and Draper announce merger agreement

Rockwell-Standard Corp of Pittsburgh and Draper Corp of Hopedale Mass say a merger is agreed upon subject to stockholder approval. Rockwell-Standard offers one Rockwell-Standard preferred share for every three Draper shares, with conversion into common at a set premium. Rockwell owns about 23.5 percent of Draper stock. The merger could precede a North American combination with Rockwell-Standard.

Pittsburgh Rockwell-Standard Corp Draper Corp Hopedale Mass W. E. Rockwell Jr Rockwell - Standard William K. Child Draper Rockwell- Standard Rockwell-Standard Common Rockwell Rockowell Standard North American Rockwell - Standard Preferred

Philadelphia Electric Co. Boosts Quarterly Dividend

Directors of the Philadelphia Electric Co raised the quarterly common share dividend by 4 cents to 41 cents. The new rate pays June 29 to shareholders of record June 1 and equals 1.84 dollars annually, up from 1.49.

Philadelphia Philadelphia Electric Co

Diversified Metals backs merger plan in tentative agreement

Diversified Metals Corp and World Color Press Inc of St Louis announce a merger subject to director and stockholder approval. The plan provides for Diversified Metals to issue 0.1125 shares of a 4.50 cumulative convertible preferred stock and 0.1875 share of its common stock for each share of World Color Press stock.

ST. Louis, Mo Diversified Metals Corp World Color Press, Inc St. Louis Diversified Metals

Merger Plan Keeps Management Stable for World Color Diversified

Ben Fixman of Diversified and Roswell Messing Jr. of World Color announced a merger plan in which there will be no management changes at either firm. Diversified Metals would survive as the post merger corporation, a processor and reclaimer of nonferrous metals. World Color prints comics and popular magazines.

World Color Ben Fixman Diversified Roswell Messing Jr Diversified Metals

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