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Pennsylvania Coal seeks to take over Brownhoist via stock swap
Pennsylvan ia Coal & Coke Corp moves to acquire Industrial Brow hoist Co of Bay City Mich in a deal valued at about 2.9 million dollars. The plan uses a mix of stock control, notes and escrows with director David L. Subin profiting on a 565000 note while Pennsylvan ia furnishes cash through noncash arrangements. Leopold D. Silberstein leads Pennsylvania Coal, a figure with roots in prewar Germany and U.S. success since 1947.
MENTIONED IN THIS ARTICLE
New York
Pennsylvania Coal & Coke Corp
Hoist Co
Bay City
Mich
Pennsylvania C. & C
Brownhoist
Alleghany Corp
Cleveland
Robert R. Young
Pennsylvania Coal and Coke
Brownhoist Common
Pennsylvania Coal
David L. Subin
Arcadia Hosiery Co
Lansdale
SEC
Alleghany
Pennsylvania
Doal
Chesapeake Industries
Subin
Treasury
Brownhorst
Michigan City
Leopold D. Silberstein
Germany
Hitler
U.S
Brownist