The Salt Lake herald-Republican. [volume] (Salt Lake City, Utah) 1909-1918, 1909-12-27
D. c. Jackling, Vice President
and General Manager Of the
Utah Copper Company, Has
Returned From New York.
OFFER TO NEVADA CON.
UP TO STOCKHOLDERS
Taking Over of Boston Con-
SOIidated by the Utah Cop
per Company Has Been Ar
ranged by an Exchange,
A DEMAND FOR COPPER

Consolidation Of the Boston Con-
soidated Mining company with the
Utah Copper company is an accom-
plished fact, no further action of rat
ifieation upon the part of stOckhOld-
ers of either corporation being re-
quired to complete the deal.
The properties of the Boston Con-
sohdated company are to be taken
over by the Utah Copper company by
The exchanging Of one share Of Utah
Copper stock for every two and half
shares of Boston Consolidated stock,
the Boston Consolidated company
going out Of existence as an active
corporation, while the Utah Copper
company will operate the combined
properties under its present manage
ment.
The taking over Of the Nevada Consol-
idated Copper company by the Utah Cop
per company lies wholly with the share
holders Of Nevada Consolidated. To them
is accorded the privilege of exchanging
two and quarter shares OF their stock
for one share OF Utah Copper stock, II
they care TO do so.
Such. in brief. is the situation as to the
merger of copper companies which has
been attracting worldwide attention, as
confirmed by ID. G.. Jackling- vice presi-
dent and general manager Of the Utah
Copper company, and who, SO far as Is
now known, VIII continue TO hold that po-
SitiOn. MI lacking, accompanied by h.
g Gemmell, general superintendent OF the
nv
terday after having been In New York
and Boston several weeks assisting IN
closing up the details Of the merger.
Takes Owe Properties.
81 do not know that there is anything
to say in regard to the consolidation that
has not already been covered in the news
dispatches said Mr.. Jackling last even
ing when asked for details. THE contract
for taking over the properties Of the Bos-
ton Consolidated company has been
closed. in accordance with the action OF a
majority of the stockholders Of both COM
panies. A meeting Of Utah Copper stock
holders for the purpose Of ratifying the
proposition of the directors TO increase
the authorized capital stock of the com
panV from 10000 shares to $500. 600 shares
has been called. to be held on January 6,
at the offices Of the company in New
Jersey. The new stock to be issued viii
be used TO pay for the Boston COnsOI-
dated and other properties and to make
expedient TO increase the cOmpany's pro-
ductiou.
Boston Consolidated stock viii be eX-
changed at the ratio Of two and a half
shares for one. If there is a fee Of q
cents a shase TO be paid by Boston Con-
solidated holders in making the exchange
il is a matter of that cOmpany's own ar
rangement-it does not go to the Utah
Copper company. The right for Boston
Consolidated shareholders to subscribe
for additional shares of the new issue of
Utah Copper stock was not made a part
Of the deal with that company.
1.-The taking over of the Nevada Con-
sOlidated Copper company is up to the
stockholders of that cOmpany-nO cOrpor-
ate action is required, as / understand it.
The Utah Copper company has extended
10 them the privilege of exchanging two
and a quarter shares of Nevada Consol-
idated for one share Of Utah Copper.
They are also given the same pro rata
right TO subscribe for the new issue of
stock of the Utah Copper company at $50
a snare that is accorded 10 present hold
ers Of Utah Copper stock.
The present organization OF Utah Cop
per company VIII remain intact, the only
Continued on Page Two.)