Sylvania Becomes General Telephone Subsidiary Unit
Parent Issue
Day
5
Month
March
Year
1959
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Donated by the Ann Arbor News. © The Ann Arbor News.
OCR Text
(Special to The News)
NEW YORK—The merger of Sylvania Electric Products Inc. into General Telephone Corp. to form General Telephone and Electronics Corporation became effective today.
Under the merger, Sylvania is a wholly-owned subsidiary of General Telephone and Electronics, and will continue operations as separate corporate entity. Argus Cameras of Ann Arbor will continue to be a Sylvania division.
Donald C. Power, who was president of General Telephone Corp., will become Chairman and Chief Executive Officer of General Telephone and Electronics Corporation, and Don G. Mitchell will be president. Mitchell also continues as Chairman of Sylvania.