Kennecott and Curtiss-Wright finally end their feud
For more than three years, American businessmen have watched the ploys and counterploys of one of the most fiercely contested corporate takeover struggles in history. The boardroom battle pitted a sometime Texas rancher against an aging, ambitious corporate raider who was embarked on probably his last big fight. At stake was control of Kennecott Corp., the nation's largest copper company (1979 sales: $2.5 billion).
Finally last week the feud was settled. Kennecott and Curtiss-Wright, the upstart industrial and aerospace conglomerate that tried to take over the copper company, signed a ten-year agreement preventing either one of...
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