RUMOR OF STUTZ MERGER.
|Topics: Stutz, Studebaker
The New York Times
December 9, 1922
Studebaker Company Said to Be Conducting Negotiations.
Negotiations are under way which may lead to the merger of the Stutz Motor Car Company of America with the Studebaker Corporation, if satisfactory terms can be agreed upon, according to reports in the financial district yesterday. Confirmation of the reports could not be obtained in local circles.
The Stutz Motor Company some time ago announced its intention to place a new six-cylinder car of lighter weight than the present Stutz on the market next Spring, and it is said that the Studebaker Company is anxious to get control of the company in order to popularize this new car.
When the controlling stock of the Stutz Motor Car Company was sold by the Guaranty Trust Company, following the petition in bankruptcy filed by Allan A. Ryan, who formerly owned the Stutz Company, no official announcement was made as to who purchased the large block of stock which was sold by the trust company. The name of one prominent man in Wall Street, however, was frequently mentioned in connection with the sale, but this individual has never admitted that he had taken over the stock. This man, incidentally, is also heavily interested in Studebaker, although not in an official capacity.
|Connect with The Crittenden Automotive Library|