Business & Finance: RKO Assessment

In 1929 taurine whoops generally greeted any company's offer of rights to buy new securities. This year has seen a reverse trend. Electric Power & Light shares dropped sharply last month, when the company sought to raise $21,000,000 from stockholders. Simms Petroleum made the unique gesture of offering stockholders rights to sell 12½% of their holdings back to the company at a price level with the market. And last week when Radio-Keith-Orpheum Corp. announced plans to raise much-needed cash from its stockholders there were angry mumblings, threats of legal action.

The RKO plan...

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