Abstract

Editorials
April 30, 1930 issue

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The announcement of a reorganization whereby the General Electric Co. and the Westinghouse Electric and Manufacturing Co. will own 51.3 per cent of the voting power of the Radio Corporation of America calls attention once more to the process of unification and threatened monopoly in the radio field. If the plan is ratified by the stockholders at their meeting, the Radio Corporation, in return for 6,580,375 shares of stock valued at some U.S. $390,000,000, will acquire exclusive licenses under General Electric and Westinghouse patents to manufacture radio apparatus, together with their radio-manufacturing facilities and the stocks that they own in Radio Corporation subsidiaries.

See Also:

EDITORIALS; CORPORATE reorganizations; GENERAL Electric Co.; WESTINGHOUSE Electric & Manufacturing Co.; CONSOLIDATION & merger of corporations; ORGANIZATIONAL change
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