Business: Transamerica's Pool

Calm, dignified but surprising was an announcement made by the $1,162,000,000-in-assets Transamerica Corp. last week. It said that Transamerica's shares had been unduly depressed,† that a group of executives had formed a $20,000,000 syndicate to support the stock, that all shareholders were invited to participate in this syndicate.

Unusual as was the inclusion of small stockholders in a big official pool, yet more unusual was the explanatory interview given by Amadeo Peter Giannini, founder of Bank of Italy whence sprang Transamerica. He said, startlingly, that the syndicate should give protection ". . ....

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