MAXWELLS BUY CHALMERS.
|Topics: Maxwell, Chalmers
The New York Times
December 8, 1922
Nearly $2,000,000 Is Paid for Motor Concern at Receiver's Sale.
DETROIT, Dec. 7.—The Chalmers Motor Company here was purchased at a receiver's sale today by Boyd G. Curtis, local attorney representing the Maxwell Motor Company. The sale price was $1,987,600 and the attorney was the only bidder. It was understood that Mr. Curtis would assign the property to the Maxwell Company immediately after confirmation of the sale by Federal Judge Arthur J. Tuttle.
Acquisition of the Chalmers by the Maxwell was forecast some time ago. The Maxwell Company held notes in the Chalmers concern totaling $4,000,000, in addition to owning a large block of the Chalmers stock.
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