Biggest merger news in aviation's his tory was Floyd Bostwick Odium's proposal two months ago to turn over $37,000,000 in capital (securities, cash) of his big Atlas Corp. for new stock in Curtiss-Wright Corp., owner of the No. 1 U. S. aircraft& -engine backlog (TIME, April 1). Announced by Mr. Odium with the approval of Curtiss-Wright's President Guy Warner Vaughan, this super-Burbank financial tree-grafting took Wall Street by surprise, filled at least one class of Curtiss-Wright stockholders with articulate alarm.
Protest came chiefly from Massachusetts Investors Trust, holder of 21,700 shares...
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