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Kaiser-Frazer to buy Willys-Overland for 62 million
Kaiser-Frazer Corp plans to acquire Willys-Overland Motors Inc for about 62.3 million dollars. The deal would place Kaiser-Frazer among the world’s top auto makers, pending Willys stockholders’ approval on April 24. Financing includes 37.6 million from Henry J. Kaiser Co and 20 million from a Bank of America loan, with 15 million to repay RFC loans. The new Willys unit will operate separately as Willys Motor Corp, headquartered in Toledo, with Kaiser-Frazer’s Willow Run plant remaining active.
MENTIONED IN THIS ARTICLE
New York
Kaiser-Frazer Corp
Willys-Overland Motors, Inc
Kaiser-Frazer
Willys-Overland
Edgar F. Kaiser
J.kaiser-Frazer
Henry J. J. Kaiser
General Motors
Ford
Chrysler
Kaiser- Frazer
Vthe
Jeep
Aero Willys
Henry J
Kaiser’ S
Frazer
J . Willys-Overland
Shaiser-Fragey
Henry J. Kaiser Co, al Holding Company
Transamerica Corp. a_ bank holding corporation
Bank of America National Trust Savings Association
RFC
Reconstruction Finance Corp
Kaiser
Ikaiser Manufacturing Corp
Willy-Overland
Willys Motor Corp
Ward M. Canaday
Toledo
Ohio
Willow Run
Mich