Business & Finance: Mergers: Aug. 27, 1928

Notable among mergers, acquisitions, consolidations, last week, were:

Chain Stores. To the McCrory Stores Corp., operating 199 stores (Five and Ten Cent), came the 1-year-old Swingle's 5 Cent to $1 Stores, Inc., with 15 stores; 1927 sales of $1,200,000.

Steel. Republic Iron & Steel Co. (Youngstown, Ohio) approved consolidation with the smaller Steel & Tubes, Inc., (Cleveland, Ohio), for these reasons: Republic can furnish Steel & Tubes with strip steel and pipe, developing its coal and ore reserves, bringing plant operation near capacity. Assets of the two companies total about $200,000,000. Steel & Tubes, Inc., rose from the business of the Wick family...

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