Mergers: The Acquisition Front

Action along the acquisition front moved at a brisk tempo last week.

Items:

> Signal Oil & Gas Co., the Los Angeles-based giant (1966 sales: $1 billion) that aims to strike it rich away from the oilfields as well as in them, added Mack Trucks Inc. to a list of holdings that already includes 48% of American President Lines and Garrett Corp., a manufacturer of aerospace components. Signal lost out in a bid for ailing Douglas Aircraft last winter, but the Allentown, Pa., truckmaker was only too glad to get under Signal's rich...

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