Corporations: Room for One More

Detroit's Bendix Corp. is probably best known for a product it has never made. Confusing the $742 million science and aerospace company with the makers of the old Bendix washer,* housewives telephone company headquarters asking for repairmen to fix their washing machines. Bendix Corp. makes just about everything else, though, from bicycle brakes to missile-tracking systems. It embraces 373 different product lines, 28 divisions, nine U.S. subsidiaries and 22 affiliated companies in ten countries. Last week the company drew yet another operation under its wing: for $5,300,000 worth of stock, it acquired Besly-Welles Corp., an Illinois machine-tool maker that had...

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