High Finance: The Quiet One

Seldom has a company boasted so many suitors in such quick succession as Celotex Corp., a Chicago manufacturer of building supplies. It was his ardent pursuit of Celotex that brought about the downfall of the "boy wonder" financier, Eddy Gilbert (TIME, June 22). No sooner had Gilbert fled to Brazil than a New York building materials firm named the Ruberoid Co. decided to make a try for Celotex. It offered to buy 350,000 Celotex shares at $25 apiece—which was 8¾ above Celotex's lowest price after the Blue Monday skid but 17⅜ below...

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