Air Products and Chemicals, Inc. Deal - Lehman Brothers Collection
Air Products and Chemicals, Inc.
|Company Deal||200,000 shares of $4.75 convertible preferred stock|
|Transaction Type||convertible preferred stock offering|
|Deal Description||Air Products and Chemicals, Inc., planned to use the proceeds from this sale of convertible preferred stock to be added to the general funds of capital additions and improvements such as the expansion of the industrial gas operations, construction of additional gas-producing plants, and installation of new catalyst- and chemical-producing facilities. The company also considered applying a portion of the proceeds to reduce debt and purchase short-term marketable securities.|
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