Mergers: Signal in Space

Besides bossing the biggest independent oil company in California, ruddy Samuel Mosher, 71, the chairman of Signal Oil & Gas Co., pursues some profitable sidelines. On a 4,500-acre ranch near Santa Barbara and on an estate in Australia, he raises cymbidium orchids for florists. His Signal Oil owns a 48% interest in the globe-girdling American President Lines, which it bought at a distress sale, and he is chairman of the Flying Tiger Line which he helped to bankroll when it began 18 years ago.

One for the Book. Last week Sam Mosher ventured into outer space. In a $90 million...

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