Business: Deals & Developments: Mar. 10, 1930

I. T. & T. Last fall I. T. & T. completed a deal with German General Electric whereby they would form a new company, Standard Elektrizitaets A. G., to hold stock in companies manufacturing telephone and telegraph apparatus. Just how they participated was not known until last week when it was revealed that I. T. & T. controls the new company with 62.9% of the voting and 55.4% of the non-voting stock against German General Electric's 31.1% and 39.3%. The remainder is owned by Felton & Guilleaume, affiliate of I. T. & T.

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