BUSINESS ROMANCE.
YOUNG MEN’S GREAT DEAL
DODGE MOTORS SALE
(Sun Special.) DETROIT, April 1. The sale of the Dodge Co. is announced for 146.000,000 dollars cash. The combination of Morgans and General Motors' Corporation bid 124,000,000 dollars. _ NEW YORK, April 2. The papers arc ringing with the financial achievements' of the two young brokers, who, in the purchase of the Dodge interests, humbled the combination of ..Morgans and the General Motors Corporation. The firm of Dillon. Read and Company, which bought the Dodge interests". is composed of two partners, Albert Schwartz, aged 41, and Claiencc Dillon, 43. They came penniless to Wall Street .12' years ago, and, null thev accoinnlished 1 the largest cash deal in the industrial history of America, had climbed steadily upward. The official figures of the deal were to-dav placed at 152,(100,(XX) dollars. The actual assets were worth 90,000,000 dollars, and the remainder represented ,the goodwill and name of Dodge Brothers. All the realisation money goes to the brothers’ two widows, who realise that thev have a tremendous problem in leinvesting their cash. They intend to establish a huge joint foundation, like that established by Mr Rockefeller, for medical research.
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Bibliographic details
Hawera Star, Volume XLVIII, 17 April 1925, Page 3
Word Count
194BUSINESS ROMANCE. Hawera Star, Volume XLVIII, 17 April 1925, Page 3
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