Black and Decker Manufacturing Co.
| Company Deal | 350,000 shares common stock (par value $0.50 per share) |
|---|---|
| Transaction Type | Common Stock |
| Deal Description | The 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. |