Lehman Brothers Collection - Contemporary Business Archives

Harvard Business School Baker Library Historical Collections

Lehman Brothers Collection

Twentieth-Century Business Archives

Admiral Corporation Deal - Lehman Brothers Collection

Admiral Corporation

Company Dealpublic offering common stock
Transaction Typeinitial public offering of common stock
Deal DescriptionAdmiral Corporation made its initial public offering of 800,000 shares of common stock in 1972. The net proceeds from the sale of the shares offered were to be added to the working capital of the company and approximately one-half of the net proceeds were to be used to reduce domestic short-term borrowings from banks.
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