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Wall Street: Aniline, My Aniline
(2 of 2)
Splitting the Proceeds. Aniline's Swiss owner, a holding company called Inter-handel, will net $121 million from the sale because of former Attorney General Robert Kennedy's controversial decision to settle its ownership claims out of court by splitting the proceeds. The Government's $208 million will go into a war-claims fund to pay U.S. citizens for property and (in some cases) relatives lost during World War II. As for the anxious new investors, they hope to profit by the improvement in General Aniline's prospects already begun under research-minded President Dr. Jesse Werner. Many are also aware that two other German-owned companies seized by the U.S. in World War II (Rohm & Haas and Shering Corp.) jumped ahead dramatically after they were sold to private enterprise.
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