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Majestic Radio purchase of Case Electric Corp.

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Forum » Manufacturer's / brands history » MANUFACTURERS and TRADE NAMES (present in the museum) » Majestic Radio purchase of Case Electric Corp.
           
Alan Larsen
Alan Larsen
 
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21.Sep.12 01:26

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The 1937 Poor's Manual of Industrials listed the following about Majestic and Case. 

Majestic Radio & Television Corp. was incorporated Sept. 23, 1936 in Delaware and acquired a business commenced by Davega Stores Corp. originally for its soe account in May, 1936, with the purchase of all the rights, title and interest formerly of Grigsby-Grunow Co. in and to the trademarks "Majestic" and "Mighty Monarch of the Air." Corporation is now producing 11 models of Majestic radios and is developing four additional models and an advanced type of automobile radio. Radio sets are made under contract in the Case Electric Corp. plant in Marion, Indiana with an estimated plant capacity of 300,000 radios per annum.

The Majestic Radio Company had an option with Case Electric to purchase the assets of case. 

Option: Under its contract with Case Electric Corp., Majestic Corporation is entitled to purchase 10,000 shares of Case Electric Corp. at any time on or prior to Sept. 1, 1937 at $13.50 a share, plus any increase in value of said shares as may arise from earnings transferred to surplus between July 1, 1936 and date of exercise of said option,with an election to the holders of the 8,901 Case shares now outstanding to have their shares delivered upon the exercise of such option, instead of shares authorized but unissued. 

The 1938 Poor's Manual of Industrials explained the end of Case Electric. 

During 1937 the Majestic Corp. purchased from Case Electric Corp. manufacturing licenses, machinery and equipment and transferred operations formerly conducted by Case Electric Corp. in Marion, Indiana to Chicago, Illinois.

This article was edited 21.Sep.12 14:06 by Ernst Erb .

  
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