Business & Finance: Westinghouse-Schneider

To the second largest U. S. electrical manufacturing company and the largest individually owned French steel & electrical manufacturing company came last week an alliance. For Westinghouse Electric International Co., subsidiary of Westinghouse Electric and Manufacturing Co., joined with Schneider et Cie to form a Westinghouse-Schneider company. The new company has not been named, nor has it been stated whether control will lie with the Westinghouse or with the Schneider portion of the combination. The laws of France, however, require that the majority of the...

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