Business: Eaton v. Campbell

In Youngstown last week Cyrus Stephen Eaton, large stockholder in Youngstown Sheet & Tube Co., offered $12,000,000 cash for 100,000 shares of Youngstown stock. Though the offer was promptly refused, as Mr. Eaton must have known that it would be, this was an adroit counter- attack on the part of the Eaton forces who have gone into court to prevent consummation of the Youngstown-Bethlehem Steel Corp. merger voted by Youngstown stockholders on April 11. White-haired, 76-year-old James Anson Campbell, Youngstown chairman and leader of the Youngstown pro merger party, had testified that Mr. Eaton,...

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