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Pursuit of Brownhoist Buyout Spurs Board Shakeup
Pennsylvania Coal and Coke Corp led by Lea ld Silberstein seeks to take over Industrial Brownhoist Co with 1.3 million cash but retreats on key plan. Silberstein agrees to resign from Brownhoist payroll and a merger talks stall after a legal loan to Pennsylvanian controls proves not legal.
MENTIONED IN THIS ARTICLE
New York
Leald D. Silberstein
Ih H
Pennsylvania Coal and Coke Corp
Industrial Brownhoist Co
Silberstein
Brownhoist
Pennsylvania Coal & Coke
Pennsylvania Coas
The
Alleghany Corp
Pennsylvania Coal
Oscar Chapman
Interior
Alleghany
David Lubin
Seymour M. Heilbron
Heilbron
Ernest Stroheim
Pennsylvan
Subin
Pennsylvania
Penn
Coal
Chesnake Industries
Sabin