BROTHERS’ TWO MILLIONS DEAL
CONTROL OF BRITISH CETiANESE LONDON, May 4. Two brothers, Drs. Henri and Camille Dreyfus, have obtained control, as the outcome of a, gigantic market operation involving between £2,000,000 and £3,000,000, and lasting many weeks, of the British Golanese Co., the £5,000,000 artificial silk eonV.crii in which the British Government has an investment of £500,000. This news, which’ was revealed last right, explains a mystery that has been puzzling the city for some weeks. During this time the 10s ordinary ‘shares of the company- soared from about 5s lo 12s Oil, and.the £1 preference shares rose by nearly. Cs ns a re-, suit of heavy buying by interests whose identity was kept carefully hidden. “Wo wanted control of flic company, nn'd we have been buying through several sources for a long time,” said Dr. Henri Dreyfus in an interview. “We did not care what we paid for the shares, for we boliove in the future of the concern, and have spent altogether considerably over £2.000,000. ”
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Poverty Bay Herald, Volume LIII, Issue 16377, 27 June 1927, Page 2
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168BROTHERS’ TWO MILLIONS DEAL Poverty Bay Herald, Volume LIII, Issue 16377, 27 June 1927, Page 2
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