Lehman Brothers Collection - Contemporary Business Archives

Harvard Business School Baker Library Historical Collections

Lehman Brothers Collection

Twentieth-Century Business Archives

Black and Decker Manufacturing Co. Deal - Lehman Brothers Collection

Black and Decker Manufacturing Co.

Company Deal350,000 shares common stock (par value $0.50 per share)
Transaction TypeCommon Stock
Deal DescriptionThe Black and Decker Manufacturing Company used the net proceeds from this transaction to reduce the company's short-term borrowings in the United States. Such borrowings, which on March 28, 1971 amounted to $17,000,000, were incurred to meet increased working capital requirements. The balance of the proceeds was to be added to the company's working capital.
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