New York Times, January 10, 1904, page FS4:
WIRELESS COMPANIES MERGE.
American De Forest Concern Acquires the International--Changes in Corporations.
The acquisition of the property and patents of the International Wireless Telegraph Company by the American De Forest Wireless Telegraph Company, a subsidiary company of the De Forest Wireless Telegraph Company, was announced yesterday. By reason of the deal the International Wireless Telegraph Company ceases to exist.
The consolidation was effected by the issuance of shares of the De Forest for shares of the International Wireless on a share-for-share basis. The International was organized originally as the American Wireless Telephone and Telegraph Company, with a capital of $5,000,000. It obtained control of five subsidiary companies--the Northeastern, Atlantic, Northwestern, Pacific, and Continental--each organized on a five-million dollar basis, and was subsequently reorganized as the Consolidated Wireless Telegraph and Telephone Company, with a capital stock of $25,000,000, through exchange share for share of the stocks of the controlled companies. This was later reduced to $7,500,000.
Throughout these changes the stock had been offered to the public, and when the Consolidated was formed further stock offerings were made. Then came, a year later, the organization of the International Wireless Telegraph Company, with a like capitalization, which is now superseded by the acquisition of the latter by the American De Forest. The shares of the International and De Forest have a par value of $10.