Salt Lake Tribune | 1901-02-15 | Page 2 | Carnegie-Morgan Deal

CARNEGIEMORGAN DEAL List of the Companies in the Big Steel Combine Now York Feb lIrho Evening Post says According to a trade authority the following list Includes lltho companies approached connection with tho pending pend-ing CarncgleMoigan deal Tho Carnegie National nnd Federal Steel companies the American Tin Plato Steel Hoop and Sheet Steel companion tho American Bridge company the National rube company com-pany tho American Steel and Wire com nany and tho Rockefeller ore and transportation trans-portation Interests It is said that when tho participation of such of theso companies has been determined de-termined and hns been ncccptcd by tho respective boards of directors circular1 will ho issued announcing the terms ana inviting stockholders to exchange their securities The valuations will be close according to this report nnd the capital of the new company will be in the neighborhood neigh-borhood of SSCOOOOCXXl I go minorllv I of tho stockholders of the I Carnegie Steel company it Is stated will bo given 150 per rout of the new preferred stock anti 15 per cent of tho common Time onlv Important cash Items amount to between be-tween 520000000 und 25000000 which It is said will bo paid over to Andrew Car neglo some time today