Business & Finance: Transamerica into Telephones

Potent in banking, Transamerica Corp. also has an interest in many an industrial such as General Foods. Last week it became associated, on an international scale, with a major utility. Prelude to the deal was formation of General Telephone & Electric Corp., whose primary purpose will be to extend the development of Associated Telephone & Telegraph Co. Behind the new company with Transamerica are Theodore Gary & Co. of Kansas City ($20,000,000 stock to be taken by them) and British interests who have participated with Theodore Gary & Co. in Associated's development...

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