Document Xx80o8VOj19V6Jzmv50Gg8w

FILE NAME: Crane Company (CRC) DATE: 1958 Nov 3 DOC#: CRC026 DOCUMENT DESCRIPTION: Newspaper Article - New York Times PORTER, THERMOID PROPOSE A MERGER PITTSBURGH, Nov. 2 (AP) --The H. K. Porter Company, i Inc., of Pittsburgh plans to merge with the Thermoid Com-| pany of Trenton, N.J., it was an nounced yesterday. The merger is /subject to approval of the stockholders of both companies. Under the plan the Pitts-, burgh company would be the surviving corporation and would, take over Thermoid's listing on the New York Stock Exchange. H.TC. Porter is an industrial, complex with assets of some1 $90,000,000. Thermoid has assets of about $23,000,000 and is a large producer of various as bestos, textile and soft-rubber molded goods,, Magnolia Petroleum Final papers have been signed transferring the Freeport Sul phur Company's interest in the Lake Washington, La., oil field to the Magnolia Petroleum Company, a division of the Socony Mobil .Oil Company, Inc., Charles A. Wight, Freeport president, announced yesterday. Approximately $100,000,000 was involved in the sale of these oil properties. . Marquardt Aircraft Co, The Marquardt Aircraft Com pany of Van Nuys, Calif., an nounced over the week-end the completion of negotiations for the purchase of the Cooper Development Corporation in ex change for 60,000 shares of its stock. Cooper Development, en gaged primarily in the manu facture and development of space rockets, will as a wholly owned be operated subsidiary. \ SbcNflu$ orkEhnrs Published Novembers, 1958 Copyright The New York Times