Salt Lake Tribune | 1914-03-01 | Page 4 | Commission Refuses to Approve [Illegible]

COMMISSION REFUSES; TO APPROVE MERG 4 TPENTON, N. J.t Feb. 2S.- board of public utilitios commissioi tod try refused to approve a morgei the American Malting company andi American Malt corporation, New? sey corporations, into a single corp Lion with a capital of $15,000,000. proval is withheld because Iho two ( panics do not justify a capitalize of this amount and because thar not doing a cognato business. Th'ia tion was taken under the "Seven' ters" anti-trust laws of 19.13. According to the utilitios board; malting company is an operating panv and tho malting corporation v holding concorn. This, the corami9 holds, does not come within tho de; tion of corporations doing a cog business.