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The Chronicle Telegram in Elyria, Ohio

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This newspaper page contains 2 articles. Subscribers can read the full text of each article.

Newspaper

The Chronicle Telegram

Location

Elyria, Ohio, United States of America

Date

Mar 16, 1987

Page

11

Toledo Jeep plant in fight for survival with Kenosha

Miami University economist James Rubenstein predicts Chrysler will close AMC plants in Toledo or Kenosha if the takeover succeeds. He argues the Toledo Jeep plant faces an extremely grim future, with Chrysler likely choosing one Canadian plants to keep and closing the other. Analysts caution against an outright closure without a detailed study and worker involvement. About 6,300 work at the Toledo Jeep plant as Chrysler weighs AMC integration.

Toledo Miami University Chrysler Corp American Motors Corp Kenosha Wis Chrysler James Rubenstein Jeep AMC Rubenstein University of Toledo the Plain Dealer David Cole Office For the Study of Automotive Transportation University of Michigan

Rash of takeovers revives deal making in 1980s

A wave of mergers and acquisitions floods the market with nine deals totaling 6.8 billion dollars. Chrysler bids 1.5 billion for American Motors while Hart family through Dart Group seeks 1.6 billion for Supermarkets General. Piedmont Aviation accepts 1.59 billion from USAir as Icahn’s TWA bids 1.65 billion. Allegheny International faces a 500 million buyout by a First Boston affiliate.

New York Hart Family Dart Group Corp Supermarkets General Corp Pathmark Supermarkets Piedmont Aviation Inc Usair Group Carl C. Icahn TWA Allegheny International Inc First Boston Corp Lawrence Schloss Donaldson, Lufkin and Jenrette Securities Corp Schloss James J. Kelly W.T. Grimm and Co Washington Michael L. Tarnopol Bear, Stearns and Co. Inc Waters Usair Piedmont Supermarkets General Hart W.T. Grimm Chrysler AMC First Boston Allegheny International Shearson Lehman Bros Raymond DeVoe Legg Mason Wood Walker Inc

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