Salt Lake Telegram | 1923-03-17 | Page 9 | Packer Merger Deal Nearly Complete

PACKER MERGER DEAL NEARLY C COMPLETE Purchase of Morris by Armour to Be Announced Announced An An- Soon J i CHICAGO March 17 Purchase Purchase of Morris and Company by Armour and Company n news ws stories pUblished published published pub pUb- here today said probably will be announced early next week the transaction being bein effective as pf Of f the close of ot the formers former's fiscal year October 28 Class A common stock figuring In the transaction reports epos s said 11 had d been valued Pt at 85 85 a share a price set by in conference last week Circumvention of ot federal Intervention Intervention Intervention Inter Inter- was believed to have been heen which the deal will be mated Armour and Company will buy the physical assets of Morris and Company through one of ot its subsidiaries subsidiaries sub sub- rles probably Armour and Company of Delaware recently or 01 oT- oT Of the purchase price will be paid in cash In preferred stock I of or Armour and Company of ot Illinois at par and of or class dass A I common stock of Armour and Company Company Com Corn ComI I pany of Illinois at 85 I Morris an and C Company then will liquidate liquidated giving Its Us preferred stock stockholders stockholders stockholders holders a dividend of or per cent tent In preferred stock of or Armour and Company its common stockholders a cash dividend and a dividend of of Armour Armo r and Company Company Com Corn pany party common stock The Armour and Company Company Com Corn pany common stock will be turned over to Morris and Company by J. J Ogden Armour chairman of ot the board No Morris and Company stock will wUl enter into the deal