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Quaker is giving Houghton's owner, Hinduja Group, 4.3 million shares and 2.5 million in cash, and is taking on 0 million in Houghton debt to buy the company. Of the companies' 15,000 total customers, most are "unique" to one or the other, creating sales opportunities after the merger, Barry told investors.In addition, Quaker is borrowing

Quaker is giving Houghton's owner, Hinduja Group, 4.3 million shares and $172.5 million in cash, and is taking on $690 million in Houghton debt to buy the company. Of the companies' 15,000 total customers, most are "unique" to one or the other, creating sales opportunities after the merger, Barry told investors.In addition, Quaker is borrowing $1.15 billion from Bank of America-Merrill Lynch and Deutsche Bank to fund the deal, which Barry said it will pay down from future, higher profits. The partners may have to unload some operations to satisfy antitrust regulators.

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Quaker is giving Houghton's owner, Hinduja Group, 4.3 million shares and $172.5 million in cash, and is taking on $690 million in Houghton debt to buy the company. Of the companies' 15,000 total customers, most are "unique" to one or the other, creating sales opportunities after the merger, Barry told investors.

In addition, Quaker is borrowing $1.15 billion from Bank of America-Merrill Lynch and Deutsche Bank to fund the deal, which Barry said it will pay down from future, higher profits. The partners may have to unload some operations to satisfy antitrust regulators.

.15 billion from Bank of America-Merrill Lynch and Deutsche Bank to fund the deal, which Barry said it will pay down from future, higher profits. The partners may have to unload some operations to satisfy antitrust regulators.

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This project had as its treasurer John Bellers who later developed plans for a 'College of Industry' — a co-operative, self-sufficient, humanitarian community where up to two hundred labourers and a hundred of the impotent poor lived and worked together.

There would be an emphasis on education and training, although this would be done more by object-lessons than by theory, and more by practice and experience than by rote learning.

The College was planned to consist of four wings: one for married people, one for single young men and boys, one for single women and girls, and one for sick and invalid members.

Their industrious nature and honest ways created prosperity, wealth and employment and the development Mountmellick into a town of great commercial importance.

The Quakers who originated from England, belonged to all levels of society and over the years, they set up brewing, weaving and other manufacturing industries throughout the area.

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