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Heinl Radio News Service
6/12/46
SUBMARINE RADIO FORMALLY MERGED INTO RAYTHEON
The merger of Submarine Signal Company into Raytheon Manufacturing Co. has now been consummated. The new Board of Directors of Raytheon consists of eleven members, as follows:
Amory Coolidge, Executive Vice-President of Pepperell Manufacturing Co. ; H. J. W, Fay, former President of Submarine Signal; Ralph Hornblower, Hornblower & Weeks; William H. Raye, former member of Executive Committee of Submarine Signal. The preceding four Directors were Directors of Submarine Signal).
Also, Charles Francis Adams, Jr., whose father was a Director of Submarine Signal prior to the merger; Ralph D. Booth, Engineer, of Jackson & Moreland, Boston, Mass., and member of Executive Committee of Raytheon; William Gammell, Jr. , First VicePresident of Providence Institution for Savings, Providence, R, I. , and member of Executive Committee of Raytheon; George L. Langreth, Financial Consultant, Wood Struthers & Co.; Laurence K. Marshall, President and member of Executive Committee of Raytheon; Harold C. Mattes, Vice-President, Belmont Radio Corp. , a subsidiary of Raytheon. { The last five named were Directors of Raytheon prior to the merger). Another Director is James V. Toner, President, Director and General Manager, The Boston Edison Company.
Upon the merger becoming effective, the capital stock of Submarine Signal Company was converted into common stock of Ray¬ theon Manufacturing Company at the rate of 5^ shares of common stock of Raytheon Manufacturing Co. for each share of capital stock of Submarine Signal Co.
J. P. Morgan & Co., Inc. was designated as agent for the exchange of Submarine Signal capital stock for Raytheon common stock.
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BOOK CRITIC LOSES RADIO SUIT
Supreme Court Justice Morris Eder in New York denied a temporary injunction to Martin Stone, author of the radio program, "The Author Meets the Critics", to restrain Station WHN, New York, from broadcasting a similar program entitled "Books on Trial".
Mr. Stone told the court that until recently his program had been broadcast over WHY from 8 to 8:30 P.M. on Mondays, and that on May 13, he terminated relations with WHN and arranged to broad¬ cast over WQXR, the New York Times station. He then learned that WHN planned to broadcast "Books on Tria,l" at the time previously occupied by his program. Mr. Stone charged the Marcus Lowe Booking Agency and owners of the station with trying to confuse the public.
Justice Eder said he was satisfied that the defendants had taken necessary steps and that their program would not result in confusion.
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