Business & Finance: Deals & Developments: Nov. 24, 1930

Chicago Merger. In February 1929, Chicago Corp. was formed to operate as a general management type investment trust. In September 1929, Continental Chicago Corp. was formed for the same purpose. The companies have many things in common, including practically an identical capitalization, interlocking directors. But Chicago Corp. has one thing its twin lacks, and that is an investment in 250,000 shares of Willys-Overland Co. common stock. Because of that stock it is the weaker company, and under terms of a merger announced last week its shareholders will receive only 65/100ths of a share...

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