Mergers: A German Solution

MERGERS A German Solution For '20 years, Europe has been a good shopping ground for wealthy and resourceful U.S. corporations seeking to acquire other firms. This month one such U.S. corporation bent on buying out a German company was thwarted by a remarkable emergence of national feeling. Cologne's Klockner-Humboldt-Deutz, producer of tractors, diesels and trucks, triumphed over the U.S.'s Inter national Harvester for control of Maschinenfabrik Fahr, manufacturer of West German farm equipment.

Klockner already had control of 32% of Fahr's stock when, in December, it learned that International Harvester, which last...

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