When American President Lines Chairman Ralph K. Davies wants to talk about mergers, he talks to himself. He is at the same time chairman of San Francisco's Natomas Co., a holding company that owns 39% of the Pacific Far East Lines as well as 54% of American President Lines. A.P.L., in turn, owns 93% of Seattle-based American Mail Lines. Last week, having mulled over the idea for two years, he moved to bring the three lines' 47 ships together under the A.P.L. house flag. "We can make several million dollars more in a...
To continue reading:
or
Log-In
