Business: Financing Dixon-Yates

The Dixon-Yates contract, which has already been raked over by the Joint Congressional Committee on Atomic Energy (TIME, Nov. 22), last week came up for a second currycombing. This time it was the turn of the Securities and Exchange Commission. SEC was not interested in the public v. private power debate that has raged around the contract. It was interested only in financing details of the null plant that Dixon-Yates has contracted to build at West Memphis, Ark. to provide power for the Atomic Energy Commission. Like any other new company planning a stock issue, Dixon-Yates needed to satisfy SEC that...

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