There's a point where Alan and Henry step away from Spaulding and give their voting rights to their daughters.
B.ut no. There was some kind of joint venture (as best as I can understand it) where they were drilling for oil off the Spanish coast when a massive storm hit. The rigs were lost. Because Lewis didn't have enough insurance, (which is hinted at as being Billy's fault), both companies are going to go down. The only way to save them is through some kind of deal where Spaulding takes on Lewis' portion of the insurance. Amanda won't do it, which leads to a shareholder fight. both Henry and Alan takes their voting rights back. Vanessa tries blackmailing Quint for his proxy so she can get a VP position, from either Alan or Amanda. Quint gives it to her, and she promises it to Amanda. Quint then blackmails Vanessa over the Jocelyn electronics deal, (where she and Henry took a kickback) and takes it back. Quint votes for Henry's side, and Vanessa gets the VP from Alan, because it looks like she swayed him to vote for Henry/Alan.
Whatever it was, exactly, it wasn't a Lewis-Spaulding merger.
Later, in 1988, Phillip uses the Lewis's and the promise of a merger to kick Alan out of the company.
Around 2000, Phillip does acquire Lewis Oil, but I'm not exactly sure how. The Lewis's then concentrate on construction, I guess.
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P.J. ·
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