Carnegie thinks of selling company
New York: 1901
The well known ”Steel” man Andrew Carnegie, has been in the steel business for more than 40 years and has recently made plans of selling it his company. As talked about last time, John Pierpont Morgan has a plan of taking all the steel companies and making it into one. Andrew Carnegie is currently revising Morgan’s offer for the company. Selling the company would mean that there will be one less steel company.
As soon as Carnegie makes his final decision, all the shares of Carnegie’s company will be converted into the US Steel. For those of us who have bought shares in Carnegie’s company are most likely to gain a profit since Morgan has already has many factories which he has bought from other steel companies.
If Carnegie’s steel company is sold, then US Steel shall be the leading steel company in the United States. We have uncovered that if Carnegie sells his company he will get Millions (2007’s $120 billion). We have also found out that if Carnegie sells his company, then he will become the 2nd richest man on the planet. Carnegie speaks of profit and how there will be no good in keeping the company since all the other steel companies are sold to US Steel.
There is quite a wait for Carnegie’s answer towards Morgan’s offer. Everyone is anxious to know the future of steel. If Carnegie sells his company, then Morgan will have all the minor and major steel companies under his power.