Ward Foods Overseas Capital Corporation, N.V.
List of Deals
The Ward Foods Company was a diversified producer of foods and food-processing equipment based in New York. Ward Foods expanded through an ambitious series of acquisitions during the 1960s. The Ward Foods Overseas Capital Corporation was a wholly owned subsidiary of Ward Foods formed for overseas expansion.
In October 1968 Ward Foods Capital sold $15 million of convertible twenty-year debentures that were convertible into common stock of the parent company beginning June 1, 1969, at the rate of $50.75. The offering was led by Lehman Brothers, Banca Commerciale Italiana, and Banque de Paris et des Pays-Bas. The proceeds were expected to be used for foreign investments and for the securities to be listed on the New York and Luxembourg stock exchanges.