TITLE

With Their Own Money

PUB. DATE
September 1968
SOURCE
Time;9/13/1968, Vol. 92 Issue 11, p98
SOURCE TYPE
Periodical
DOC. TYPE
Article
ABSTRACT
The article discusses the acquisition of the Schenley Industries Inc. by Glen Alden Corp. which is owned by Meshulam Riklis. It says that Glen Alden has acquired 88% of Schenley's corporate stock. It tells that the acquisition provides Schenley stockholders with 13 dollars for each share that amounts to 85 dollars and a 100% debenture bond. Riklis adds that Schenley executives oppose to his terms because they are afraid of losing their positions.
ACCESSION #
54041652

 

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